any idea what a hike in the dividend might be to? At 0.62 now-their payout ratio is rather low so a good increase is possible. As Michigan inproves and their many projects come on line its looks better every day.
I expect a raise to .80 /qtr. soon after DTE picks up more of the Detroit Municipal system. Detroit got a Emergency manager to clean up money holes and fix street lights and other things and I see DTE will benefit greatly from this cleaning of the house. DTE will just supervise and sub it out and get the cream.