DTE Energy Named a Top Dividend Utility Stock
Recent Report Highlights Strong Performance and Valuation
DTE Energy Co (Symbol: DTE) has been identified as one of the Top 10 dividend-paying utility stocks in a recent report from Dividend Channel. This weekly ”DividendRank” report highlighted that DTE shares not only exhibit appealing valuation metrics but also display solid profitability. The company’s strong history of quarterly dividends and positive long-term growth rates in key financial areas were also noted.
The report explained, ”Dividend investors who focus on value tend to seek out the strongest and most profitable companies that are also trading at attractive valuations. Our proprietary DividendRank formula evaluates these factors to create a list of promising stocks that investors may want to explore further.”
DTE Energy Co currently pays an annualized dividend of $4.36 per share, issued quarterly, with the latest dividend ex-date recorded as December 16, 2024. Dividend Channel emphasized the importance of examining a company’s long-term dividend history in assessing the sustainability of its latest payout.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
