Duke Energy (DUK: Quote) Tuesday declared a quarterly cash dividend of $0.255 on its common stock, up a half-cent over the previous level. The dividend is payable on September 17, to shareholders on record August 17.
The company also announced a 1-for-3 reverse stock split, following the anticipated closing of its merger with Progress Energy, on or about July 1. Duke Energy also said that the dividend will be automatically adjusted to $0.765, if the Merger is closed on or prior to the dividend record date.
Click here to receive FREE breaking news email alerts for Duke Energy Corp and others in your portfolio
by RTT Staff Writer
For comments and feedback: firstname.lastname@example.org