Duke Energy, a leading energy company, has recently declared an exciting dividend increase for its shareholders. This article provides an overview of the dividend increase announcement, including the details of the increased dividends and the dates of payment. With 97 consecutive years of paying dividends on its common stock, Duke Energy continues to demonstrate its commitment to rewarding its investors.

‍

Dividend Increase on Common Stock

Duke Energy has announced a quarterly cash dividend on its common stock, amounting to $1.025 per share. This represents an increase of $0.02 per share compared to the previous dividend payout. Shareholders of record at the close of business on August 18, 2023, will be eligible to receive this dividend. The payment is scheduled to be made on September 18, 2023, allowing shareholders to benefit from the increased dividend amount.

‍

Dividend on Series A Preferred Stock

In addition to the dividend increase on common stock, Duke Energy has also declared a quarterly cash dividend on its Series A preferred stock. Shareholders of this stock can expect a dividend of $359.375 per share. This dividend is equivalent to $0.359375 per depositary share. Similar to the dividend on common stock, the payment for the Series A preferred stock will be made on September 18, 2023, to shareholders of record as of August 18, 2023.

‍

Dividend on Series B Preferred Stock

Furthermore, Duke Energy has announced a semi-annual cash dividend on its Series B preferred stock. Shareholders holding this stock will receive a dividend of $24.375 per share. Like the previous dividends, the payment date for the Series B preferred stock dividend is September 18, 2023. Shareholders of record at the close of business on August 18, 2023, will be eligible for this dividend.

‍

Commitment to Dividend Payments

Duke Energy's consistent payment of cash dividends on its common stock for 97 consecutive years is a testament to its dedication to rewarding shareholders. This long-standing tradition demonstrates the company's financial stability and commitment to generating value for its investors. The dividend increase on common stock, as well as the dividends on the Series A and Series B preferred stocks, further highlight Duke Energy's ongoing efforts to provide attractive returns to its shareholders.