Duke Energy (NYSE: DUK)

Duke Energy DRiP Rating:

Quick Takeaway: Duke Energy offers a very solid DRiP plan for DRiP investors. All purchase and dividend reinvestment fees are paid by the company and optional cash purchases can be made on a monthly basis. Participants may make optional cash purchases of between $50 and $100,000 on a monthly basis.

Duke Energy DRIP Plan Prospectus

Duke Energy DRiP Plan Summary:
Fees/Investment Options
Purchase Fees NONE (Paid by Duke Energy)
Dividend Reinvestment Fee NONE (Paid by Duke Energy)
Discount on Reinvested Dividends NONE
Direct Enrollment(DE)? Yes
DE Minimum Investment $250
Optional Cash Purchases (OCP)? Yes
OCP Minimum $50 transaction
OCP Maximum $100,000/month
OCP Purchases Made Monthly
Transfer Agent Self-administered
Key Dividend Data 2006 2007 2008 2009 2010 2011
Dividend $1.26 $0.86 $0.90 $0.94 $0.97 $0.99
Cash Flow p/Share $1.70 $1.20 $1.01 $0.82 $1.00 $1.28
Payout Ratio 74.1% 71.7% 89.1% 114.6% 97.0% 77.3%
Dividend Terminology Explained

Coming Soon: Duke Energy stock research

Company Profile

Duke Energy is one of the largest electric power companies in the United States. The company supplies and delivers energy to approximately 4 million U.S. customers and has approximately 35,000 megawatts of electric generating capacity in the Midwest and the Carolinas, and natural gas distribution services in Ohio and Kentucky. In addition, the company owns and operates approximately 4,000 megawatts of electric generation capacity in Latin America.

Key Products & Brands:

Electric Utilities & Natural Gas

Dividend Data:

Next Dividend: not yet announced
Ex-Date: most likely mid May
Record Date: most likely late May
Dividend Paid: most likely early June

Transfer Agent Contact:

Duke Energy Investor Relations Department
P.O. Box 1005
Charlotte, N.C. 28201-1005
Phone: 800-488-3853

Investor Relations Website

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