SmarterDividends
DUK

Duke Energy Corporation

DUK21 yrs growth

Utilities · Utilities - Regulated Electric · Stock · quarterly payer

$120.67

Fairly valued · -1% Add to Portfolio

Forward Yield

3.60%

Annual Dividend

$4.34

Payout Ratio

64%

5-Yr Growth

2.0%

Ex-Date

Nov 13, 2026

Frequency

Quarterly

Key facts about DUK's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 22, 2026, Duke Energy Corporation (DUK) has a forward dividend yield of 3.60%, based on an annual dividend of $4.34 per share and a share price of $120.67.
  • As of Oct 22, 2026, DUK's dividend safety grade from SmarterDividends is A (92 out of 100), which rates the dividend as very safe.
  • By SmarterDividends' count, Duke Energy Corporation (DUK) has raised its dividend for 21 consecutive years as of Oct 22, 2026.
  • DUK has never cut its regular dividend in the payment history SmarterDividends has on record.
  • DUK's next ex-dividend date is Nov 13, 2026, with payment on Dec 16, 2026. Shares must be owned before that date to receive the dividend.
  • As of Oct 22, 2026, DUK pays out 64% of its trailing 12-month earnings as dividends (its payout ratio).
  • DUK's dividend has grown at an average rate of 2.0% a year over the past five years.
  • As of Oct 22, 2026, SmarterDividends' blended fair-value estimate for DUK is $119.84 per share, 1% below the $120.67 share price, so DUK screens as fairly valued.
  • Duke Energy Corporation (DUK) pays its dividend quarterly, 4 times a year.
  • Duke Energy Corporation (DUK) has raised its regular dividend 38 times and cut it 0 times across the 174 payments on record since 1983. Its most recent change was a 1.9% increase to $1.09 per share, going ex-dividend on Aug 14, 2026.
  • Duke Energy (DUK) has declared its first higher dividend of the year in July in 5 of the last 5 years; its most recent raise, 1.9%, was declared on Jul 14, 2026.
Cite this page

SmarterDividends, "DUK Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 22, 2026, https://smarterdividends.com/stocks/DUK

Summary

As of Oct 22, 2026, Duke Energy Corporation (DUK) yields 3.60% ($4.34 a year per share), has a dividend safety grade of A (92/100) and has 21 consecutive years of dividend increases on record.

Is DUK a good dividend stock?

Yes

Duke Energy Corporation (DUK) pays a quarterly dividend yielding 3.60% ($4.34/yr), with 21 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Advantages

  • 21 consecutive years of dividend growth
  • Never cut its dividend on record
  • Top-tier dividend safety score

Risks

  • Single-stock concentration risk — diversify

Key Data

Dividend Yield
3.60%
Payout Ratio
64%
Annual Dividend
$4.34
5-Yr Avg Growth
2.0%
Ex-Dividend Date
Nov 13, 2026
Years of Growth
21
Frequency
quarterly
Beta
0.34
Market Cap
$94.1B
P/E Ratio
18.2
5-Yr Total Return
25%
52-Week Range
$112.40 – $134.49
Dividend Safety
A · 92/100
Ever Cut?
No

DUK dividend raises and cuts

Duke Energy Corporation (DUK) has raised its regular dividend 38 times and cut it 0 times across the 174 payments on record since 1983. Its most recent change was a 1.9% increase to $1.09 per share, going ex-dividend on Aug 14, 2026.

Ex-dateChangeOld → newMove
Aug 14, 2026Raise$1.07 → $1.09+1.9%
Aug 15, 2025Raise$1.05 → $1.07+1.9%
Aug 16, 2024Raise$1.03 → $1.05+2.0%
Aug 17, 2023Raise$1.01 → $1.03+2.0%
Aug 11, 2022Raise$0.985 → $1.01+2.0%
Aug 12, 2021Raise$0.965 → $0.985+2.1%
Aug 13, 2020Raise$0.945 → $0.965+2.1%
Aug 15, 2019Raise$0.928 → $0.945+1.8%
Aug 16, 2018Raise$0.890 → $0.928+4.3%
Aug 16, 2017Raise$0.855 → $0.890+4.1%
Aug 10, 2016Raise$0.825 → $0.855+3.6%
Aug 12, 2015Raise$0.795 → $0.825+3.8%
Show all 38 changes since 1983
Ex-dateChangeOld → newMove
Aug 13, 2014Raise$0.780 → $0.795+1.9%
Aug 14, 2013Raise$0.765 → $0.780+2.0%
Aug 15, 2012Raise$0.750 → $0.765+2.0%
Aug 10, 2011Raise$0.735 → $0.750+2.0%
Aug 11, 2010Raise$0.720 → $0.735+2.1%
Aug 12, 2009Raise$0.690 → $0.720+4.3%
Aug 13, 2008Raise$0.660 → $0.690+4.5%
Aug 15, 2007Raise$0.630 → $0.660+4.8%
Feb 14, 2007Raise$0.558 → $0.630+12.9%
Aug 9, 2006Raise$0.540 → $0.558+3.2%
Nov 9, 2005Raise$0.479 → $0.540+12.7%
Aug 13, 1997Raise$0.462 → $0.479+3.8%
Aug 14, 1996Raise$0.445 → $0.462+3.9%
Aug 16, 1995Raise$0.427 → $0.445+4.1%
Aug 8, 1994Raise$0.410 → $0.427+4.3%
Aug 9, 1993Raise$0.392 → $0.410+4.4%
Aug 10, 1992Raise$0.375 → $0.392+4.7%
Aug 12, 1991Raise$0.357 → $0.375+4.9%
Aug 13, 1990Raise$0.340 → $0.357+5.1%
Aug 14, 1989Raise$0.323 → $0.340+5.4%
Aug 8, 1988Raise$0.305 → $0.323+5.7%
Aug 10, 1987Raise$0.292 → $0.305+4.5%
Aug 11, 1986Raise$0.283 → $0.292+3.1%
Nov 4, 1985Raise$0.270 → $0.283+4.8%
Aug 13, 1984Raise$0.257 → $0.270+5.1%
Aug 15, 1983Raise$0.248 → $0.257+3.5%
Every DUK payment →Download every raise and cut (CSV)
DUK ex-dividend date & scheduleNext ex-date Nov 13, 2026 · full ex-dividend historyView →DUK dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is DUK a good dividend stock?

Yes. Duke Energy Corporation (DUK) pays a quarterly dividend yielding 3.60% ($4.34/yr), with 21 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Is DUK undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, DUK's fair value is about $119.84 versus a $120.67 share price — so it looks fairly valued (-1% vs. fair value).

Is DUK's dividend safe?

DUK has a dividend-safety grade of A (92/100), based on its payout coverage, free-cash-flow, 21-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is DUK's fair value?

Our blended fair-value estimate for DUK is about $119.84 per share, about 1% below the current $120.67 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is DUK a buy, hold, or sell?

We don't issue formal ratings, but on the data DUK screens as "yes" and fairly valued. Duke Energy Corporation (DUK) pays a quarterly dividend yielding 3.60% ($4.34/yr), with 21 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

Will DUK cut its dividend?

DUK earns a dividend-safety grade of A (92/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does DUK pay a dividend?

Yes. Duke Energy Corporation pays a quarterly dividend of about $4.34 per share annually, a forward yield of roughly 3.60%.

What is DUK's dividend yield?

As of Oct 22, 2026, DUK's forward dividend yield is 3.60%, based on a $4.34 annual dividend and a $120.67 share price.

What is DUK's dividend per share?

As of Oct 22, 2026, DUK pays $4.34 per share per year, distributed on a quarterly basis.

What is DUK's dividend payout ratio?

As of Oct 22, 2026, DUK's payout ratio is 64% of trailing 12-month earnings — a moderate level that's generally sustainable.

How many years has DUK grown its dividend?

As of Oct 22, 2026, DUK has increased its dividend for 21 consecutive years.

When is the next DUK ex-dividend date?

As of Oct 22, 2026, the next ex-dividend date on record for DUK is Nov 13, 2026.

DUK Dividend News

DUK
IncreaseDUK·Aug 25, 2026

Duke Energy Raises Quarterly Dividend 1.9% to $1.085

Duke Energy lifted its quarterly dividend to $1.085, extending a 21-year growth streak while earnings coverage remains at a 64% payout ratio.

Income Calculator

At $4.34 / yr per share

Per payment (quarterly)$108.50
Annual$434.00
Monthly avg$36.17

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