DTE Energy increases dividend
DETROIT, May 1, 2013
DETROIT, May 1, 2013 /PRNewswire/ -- The DTE Energy (NYSE: DTE) Board of
Directors has declared a $0.655 per share dividend on its common stock payable
July 15, 2013, to shareholders of record at the close of business June 17,
2013. This is a $0.035 per share, or 5.6 percent increase, from the previous
quarterly dividend of $0.62 per share.
"The decision to increase our dividend reflects DTE Energy's confidence in our
growth strategy and in our continued commitment to increase shareholder
value," said Gerard M. Anderson, DTE Energy's chairman, president and CEO. "We
understand that dividends, as well as earnings growth, are a key component in
providing a competitive return to shareholders."
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 DTE Electric, an electric utility
serving 2.1 million customers in Southeastern Michigan, DTE Gas, a natural gas
utility serving 1.2 million customers in Michigan and other non-utility,
energy businesses focused on gas storage and pipelines, power and industrial
projects, and energy trading. Information about DTE Energy is available at
dteenergy.com, twitter.com/dte_energy and facebook.com/dteenergy.
SOURCE DTE Energy
Contact: Scott Simons, (313) 235-8808, or Alejandro Bodipo-Memba, (313)
Press spacebar to pause and continue. Press esc to stop.