DTE Energy (DTE) Offers Strong Dividends and Growth Potential

Income investors focus on generating cash flow through dividends, which are distributions of a company’s earnings to shareholders. DTE Energy, with a dividend yield of 3.35%, has increased its dividend 4 times in the last 5 years. The company’s payout ratio is 60%, and earnings are expected to grow by 5.56% this year.

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DTE Energy Company (DTE) is a strong dividend play with a Zacks Rank of #3 (Hold). Income investors value dividends for various reasons, but must be cautious of high-yielding stocks during rising interest rates. DTE’s solid earnings growth and consistent dividend payments make it a compelling investment option.

Read more at Nasdaq: DTE Energy (DTE) Could Be a Great Choice