Dividend Stock: DUK

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Utilities are not sexy but they are usually great dividend payers and might be worth adding to your dividend portfolio. My favorite dividend paying utility is Duke Energy (DUK).

We all need electricity to live our lives and that probably isn’t going away anytime soon. While electricity growth rates may not be in the double digits, regulated utilities like DUK will still be around and able to pass on rate increases into the future. DUK generates and transmits electricity mainly in the Carolinas, Florida, Ohio, Kentucky, Indiana and they also sell natural gas to parts of Ohio and Kentucky. So they are focused on the US market, located in some nice areas, and somewhat spread out to avoid risk. DUK does have some dirty coal plants which they are working to sell/close and some environmental cleanup issues here and there, but what I really like about them moving forward is their focus on renewable energy. Management understands this is the future and is working hard to make renewable energy a large part of their portfolio while shuttering some less desirable assets. Finally, as a dividend payer, DUK currently pays $3.42/year for a 4.41% yield which is very generous. They have grown their dividend over the past 10 years and it still has room to continue to do so as their payout ratio is around 73%.

  • DUK operates as an energy company in the United States.
  • Founded in 2005 and based in Charlotte, NC
  • Dividend Payout Schedule: 3-6-9-12
  • To create monthly dividend income, pair with an investment from Dividend Payout: 1-4-7-10 and Dividend Payout: 2-5-8-11

Check out our YouTube review of DUK!

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One Response to Dividend Stock: DUK

  1. I like DUK and I know a lot of people that have it in their portfolios and has done very well for them. I would love to add a new position in my portfolio with them as they have been on my watch list for a while. Just waiting for the price to come down a bit. They are a little overvalued right now.

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