CHARLOTTE, N.C., June 29 /PRNewswire-FirstCall/ -- Duke Energy (NYSE: DUK)
today declared a quarterly cash dividend on its common stock of $0.31 per
share - an increase of 3.5 cents from its previous level. The dividend is
payable on Sept. 16, 2005, to shareholders of record on the close of business
Aug. 12, 2005.
"In the investor proposition outlined a year and a half ago, I committed
to run Duke Energy for the benefit of long-term investors," said Duke Energy
Chairman of the Board and Chief Executive Officer Paul Anderson. "Today's
board action to increase the dividend is another step that demonstrates that
commitment."
The board's intent to raise the dividend 12.7 percent was announced on May
9 at the same time the company announced plans to merge with Cincinnati-based
Cinergy. Duke Energy's annual dividend will now be $1.24 per share.
This is the 79th consecutive year that Duke Energy has paid quarterly cash
dividends on its common stock. It is the first dividend increase since 1997.
The company also announced that it would be paying quarterly dividends on
its preferred stocks on Sept. 16, 2005, to shareholders of record on the close
of business Aug. 12, 2005.
Duke Energy Canada Exchangeco Inc., a subsidiary of Duke Energy, today
also announced a quarterly cash dividend on its exchangeable shares of
Cdn $0.38 per exchangeable share. The dividend is payable on Sept. 16, 2005,
to shareholders of record on the close of business Aug. 12, 2005.
Duke Energy is a diversified energy company with a portfolio of natural
gas and electric businesses, both regulated and unregulated, and an affiliated
real estate company. Duke Energy supplies, delivers and processes energy for
customers in the Americas. Duke Energy is a Fortune 500 company traded on the
New York Stock Exchange under the symbol DUK. More information about the
company is available on the Internet at: http://www.duke-energy.com.
CONTACT: Randy Wheeless
Phone: 704/382-8379
24-Hour: 704/382-8333
SOURCE Duke Energy
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Related links:
http://www.duke-energy.com
Company News On-Call:
http://www.prnewswire.com/comp/257451.html
CONTACT:
Randy Wheeless of Duke Energy,
+1-704-382-8379, or 24 Hours, +1-704-382-8333
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