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Data last updated: Aug 31, 2026
Snapshot (as of Aug 31, 2026): Duke Energy Corporation (DUK) pays a $4.28 annual dividend ($1.08 quarterly), yielding 3.56% at $120.25/share. Next ex-dividend date 2026-08-14. 18 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 3.56%
Annual Dividend: $4.28 per share
Payout Ratio: 17.7%
Ex-Dividend Date: 2026-08-14
Dividend Frequency: quarterly
Sector: Utilities
Years of Dividend History: 44
Duke Energy Corporation dividend investors are looking at one of the largest regulated electric utilities in the United States, serving roughly 8.2 million customers across six states. DUK currently yields 3.57%, with a trailing annual dividend rate of $4.28 per share paid quarterly. The next ex-dividend date is August 14, 2026, and the last dividend paid was $1.0850 per share. With a beta of 0.371, Duke Energy Corporation stock moves far less than the broader market, which suits income investors who prioritize low volatility over capital gains.
Duke Energy Corporation pays out 17.7% of earnings as dividends, a payout ratio classified as conservative (below 40%). That low ratio reflects a business built on regulated electricity and natural gas distribution, where roughly 9.8 million combined customers across the Carolinas, Florida, the Midwest, and the Southeast generate recurring demand for essential services. Duke Energy Corporation dividend safety is further supported by the fact that 18 consecutive years of increases have not required the payout ratio to stretch anywhere near typical stress levels. The main pressure point is capital intensity: operating 50,259 megawatts of generating capacity across coal, nuclear, natural gas, and renewables requires ongoing infrastructure investment that competes with dividend growth for cash.
Duke Energy Corporation dividend history shows a CAGR of 10.9% per year from 2011 to 2025. Per-share payments grew from $0.99 to $4.22 over that window (2026 data is partial and excluded from the CAGR calculation). The smallest annual increase in the window was 1.9% in 2014, which shows that growth has not always been uniform, and income investors should expect single-digit increases in some years.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +2.0% | $3.98 (2022) | $4.22 (2025) |
| 5-Year | +2.0% | $3.82 (2020) | $4.22 (2025) |
| 10-Year | +2.7% | $3.24 (2015) | $4.22 (2025) |
Duke Energy Corporation fits dividend investors who want a regulated utility with a moderate yield and a low-volatility profile. The yield of 3.57% sits in the moderate (2-4%) range and runs slightly above the 5-year average of 3.39%, meaning the current entry point offers a marginally better income rate than the historical norm. Eighteen consecutive years of increases and a payout ratio of just 17.7% point to a dividend that has room to keep growing without straining the business. The trade-off is that growth is slow in most years, and the stock's low beta of 0.371 reflects a business that moves cautiously in both directions. DUK stock is a yield-plus-stability story, not a high-income or high-growth one.
| Payment Date | Amount per Share |
|---|---|
| 2026-08-14 | $1.0850 |
| 2026-05-15 | $1.0650 |
| 2026-02-13 | $1.0650 |
| 2025-11-14 | $1.0650 |
| 2025-08-15 | $1.0650 |
| 2025-05-16 | $1.0450 |
| 2025-02-14 | $1.0450 |
| 2024-11-15 | $1.0450 |
| 2024-08-16 | $1.0450 |
| 2024-05-16 | $1.0250 |
| Year | Total Dividends |
|---|---|
| 2026 | $3.2150 |
| 2025 | $4.2200 |
| 2024 | $4.1400 |
| 2023 | $4.0600 |
| 2022 | $3.9800 |
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