Company continues more than 100-year history of issuing cash dividend
DETROIT, May 9, 2019 /PRNewswire/ -- (DTE) — The DTE Energy Board of Directors declared a $0.9450 per share dividend on its common stock payable July 15, 2019 to shareholders of record at the close of business June 17, 2019. This continues DTE Energy's consistent dividend history, having issued a cash dividend for more than 100 years.
"We recognize the value of our long history of dividend and the role it plays in delivering above-average shareholder returns," said Gerry Anderson, DTE Energy Chairman and CEO. "We're confident in our plan and our long-term outlook is strong."
About DTE Energy
DTE Energy (DTE) 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 company serving 2.2 million customers in Southeastern Michigan and a natural gas company serving 1.3 million customers in Michigan. The DTE portfolio includes energy businesses focused on natural gas pipelines, gathering and storage, power and industrial projects, renewable natural gas, and energy marketing and trading. As an environmental leader, DTE will reduce carbon dioxide and methane emissions by more than 80 percent by 2040 to produce cleaner energy while keeping it safe, reliable and affordable. DTE is committed to being a force for good in the communities where it serves through volunteerism, education and employment initiatives, philanthropy and economic progress. Information about DTE is available at dteenergy.com, empoweringmichigan.com, twitter.com/dte_energy and facebook.com.
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