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Duke Energy Expects Higher Dividend Growth

Vineet Kulkarni - Author

Dec. 4 2020, Updated 10:52 a.m. ET

Expected dividend growth

Duke Energy (DUK) aims to increase its dividend per share 4%–6% annually for the next few years, which is in line with the industry average. Duke Energy’s dividend growth is expected to be driven by its earnings growth around similar levels.

The following chart shows Duke Energy’s per share dividends paid in the last five years. In 2017, it’s expected to pay a dividend of $3.49 per share.

Southern Company (SO) is also aiming for similar dividend growth—in line with the industry average. Renewables giant NextEra Energy (NEE) is targeting dividend per share growth of 13% for the next few years. NextEra Energy’s remarkable dividend growth is expected to be enabled by its fairly high earnings growth.

You can read the detailed analysis of NextEra Energy’s dividend profile in Analyzing NextEra Energy’s Dividend Yield.

You can read more about US utilities (IDU) (XLU) with outstanding dividend growth potential ahead in Chart in Focus: Utilities and Dividend Growth Potential.

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