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Dividend Coverage: This Energy Company has Paid Cash Dividend for More than 100 Years; Will Trade Ex-Dividend on September 15, 2017

LONDON, UK / ACCESSWIRE / September 14, 2017 / Pro-Trader Daily takes a closer look at DTE Energy Co. (NYSE: DTE) as the Company's stock will begin trading ex-dividend on September 15, 2017. In order to capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on September 14, 2017.Are you looking for research on dividend stocks, if so register with us now for your free membership at:

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Today, PRO-TD covers ex-dividend news on DTE. Get our free coverage by signing up at:

http://protraderdaily.com/optin/?symbol=DTE

Dividend Declared

On June 22, 2017, DTE Energy's Board of Directors declared a $0.825 per share dividend on its common stock payable October 15, 2017, to shareholders of record at the close of business September 18, 2017. The dividend signifies consistency and confidence in the Company's performance for the remaining half of 2017 and delivers on the 7.1% per share increase DTE Energy communicated in November 2016. In addition, DTE is targeting an annual dividend increase of approximately 7% through 2019 - higher than the 5.6% average dividend increase over the past five years.

DTE Energy's indicated dividend represents a yield of 2.91%, which is substantially ahead of the average dividend yield of 2.36% for the Utilities sector. DTE Energy has issued a cash dividend for more than 100 years and has raised its dividend for five consecutive years.

Dividend Insights

DTE Energy has a dividend payout ratio of 60.9%, which indicates that the Company distributes approximately $0.61 for every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or add to its cash reserves.

According to analysts' estimates, DTE Energy is forecasted to report earnings of $5.70 for the next year which is substantially above its annualized dividend of $3.30.

DTE Energy's cash flows from operating activities were $1.18 billion for H1 2017 compared to $1.28 billion for H1 2016. As on June 30, 2017, DTE Energy had $62 million in cash and cash equivalents. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain its dividend distribution for a long period.

Recent Development for DTE

On September 01, 2017, DTE Energy announced that it is powering Little Caesars Arena, the new home of the Detroit Red Wings and Detroit Pistons and The District Detroit, growing neighborhoods and businesses around the venue.

DTE Energy built a new substation, along with a customized underground electrical system, to power the multi-use facility and its high-tech entertainment features, including 45 LED displays covering 13,500 square feet, a projector the size of two football fields, the largest seamless center-hung scoreboard in North America and more than 16.5 million LED lights

DTE Energy noted that the state-of-the-art electrical system will allow arena staff to monitor the venue's energy load and reroute power as needed. DTE Energy's investment in this new infrastructure enables future economic growth in the city, making it possible for the Company to meet the electrical needs of additional businesses in areas near the arena.

About DTE Energy Co.

DTE Energy is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. Its operating units include an electric utility serving 2.2 million customers in Southeastern Michigan and a natural gas utility serving 1.3 million customers in Michigan. The DTE Energy's portfolio includes non-utility energy businesses focused on power and industrial projects, natural gas pipelines, gathering and storage, and energy marketing and trading.

Stock Performance

At the closing bell, on Wednesday, September 13, 2017, DTE Energy's stock slightly fell 0.95%, ending the trading session at $110.23. A total volume of 961.98 thousand shares have exchanged hands, which was higher than the 3-month average volume of 786.04 thousand shares. The Company's stock price rallied 1.08% in the last one month, 7.48% in the past six months, and 20.67% in the previous twelve months. Moreover, the stock surged 11.90% since the start of the year. The stock is trading at a PE ratio of 18.86 and has a dividend yield of 2.99%. The stock currently has a market cap of $19.73 billion.

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