DTE Energy Company (DTE) will begin trading ex-dividend on September 18, 2020. A cash dividend payment of $1.013 per share is scheduled to be paid on October 15, 2020. Shareholders who purchased DTE prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 4th quarter that DTE has paid the same dividend. At the current stock price of $119.04, the dividend yield is 3.4%.
The previous trading day's last sale of DTE was $119.04, representing a -12.26% decrease from the 52 week high of $135.67 and a 67.17% increase over the 52 week low of $71.21.
DTE is a part of the Public Utilities sector, which includes companies such as NextEra Energy, Inc. (NEE) and Dominion Energy, Inc. (D). DTE's current earnings per share, an indicator of a company's profitability, is $6.33. Zacks Investment Research reports DTE's forecasted earnings growth in 2020 as 6.08%, compared to an industry average of -.8%.
Interested in gaining exposure to DTE through an Exchange Traded Fund [ETF]?
The following ETF(s) have DTE as a top-10 holding:
- Virtus Reaves Utilities ETF (UTES)
- Xtrackers MSCI Germany Hedged Equity ETF (DBGR)
- iShares MSCI Germany Index Fund (EWG)
- Franklin FTSE Germany ETF (FLGR)
- Invesco S&P 500 Equal Weight Utilities ETF (RYU).
The top-performing ETF of this group is FLGR with an increase of 35.49% over the last 100 days. UTES has the highest percent weighting of DTE at 4.47%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.