LONDON, UK / ACCESSWIRE / August 15, 2017 / Pro-Trader Daily takes a closer look at Duke Energy Corp. (NYSE: DUK) as the Company's stock will begin trading ex-dividend on August 16, 2017. In order to capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on August 15, 2017. Are you looking for research on dividend stocks, if so register with us now for your free membership at:

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Dividend Declared

On July 07, 2017, Duke Energy declared a quarterly cash dividend on its common stock of $0.890 per share, an increase of $0.035 per share, or 4.1%. The dividend is payable on September 18, 2017, to shareholders of record at the close of business August 18, 2017.

"Today's announcement demonstrates confidence in our strategy that produces real results for our customers and balanced growth in earnings for our investors," said Lynn Good, Duke Energy's Chairman, President, and CEO, "This increase confirms our expectation to grow the dividend in-line with our long-term earnings per share growth rate of 4-6 percent.?

Duke Energy's indicated dividend represents a yield of 4.15%, which is substantially above the average dividend yield of 2.48% for the Utilities sector. The Company has raised its dividend for 10 consecutive years.

Dividend Insights

Duke Energy has a dividend payout ratio of 77.6%, which indicates that the Company distributes approximately $0.78 for every $1.00 earned. The dividend payout ratio reflects how much money a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts' estimates, Duke Energy is forecasted to report earnings of $4.84 for the upcoming year which is comfortably above its annualized dividend of $3.56.

Duke Energy generated $2.76 billion of operating cash flow in Q2 2017. As of June 30, 2017, the Company had cash, cash equivalents, and marketable securities worth $298 million compared to cash of $392 million as on December 31, 2016. Duke Energy's current assets were $7.67 billion. The strong financial position indicates the Company's ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

Recent Development about Duke Energy

On August 10th 2017, Duke Energy announced the formation of a new organization devoted to transforming how customers experience and interact with the Company. The new customer experience transformation organization would be led by Barbara Higgins, who was named senior Vice President and Chief Customer Officer.

In this newly created position, Higgins will be responsible for designing end-to-end strategies for measurement, valuation and enhancing the customer experience for residential, business, and commercial customers. The new centralized customer experience organization will expand Duke Energy's capability to actively manage the customer experience through the numerous ways and channels customers interact with the company and provide robust insights into the drivers of customer satisfaction.

"We are moving towards a strong customer-centric culture shaped by improved understanding of customers' expectations. Barbara's extensive work in customer experience practices and providing organizational, measurement, and brand support across multiple industries will be invaluable to delivering initiatives to meet customer needs," said Doug Esamann, Executive Vice President of energy solutions and President of Midwest and Florida Regions.

Stock Performance

On Monday, August 14, 2017, the stock closed the trading session at $86.12, marginally up 0.49% from its previous closing price of $85.70. A total volume of 2.47 million shares have exchanged hands. Duke Energy's stock price advanced 3.04% in the last three months, 9.44% in the past six months, and 3.15% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have rallied 10.95%. The stock is trading at a PE ratio of 21.70 and has a dividend yield of 4.13%. At Monday's closing price, the stock's net capitalization stands at $60.77 billion.

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