Search, analyze & compare

Company details

DTE Energy Co. Preferred Stock 4.375% Due 10/15/2080 is a type of preferred stock issued by DTE Energy Co., a diversified energy company. This preferred stock represents a quasi-equity interest in the company, offering holders predetermined dividend payments. Specifically, it promises an annual dividend yield of 4.375%, paid out at regular intervals until its maturity date in 2080. Preferred stocks like this one are known for providing investors with higher claims on assets and earnings than common stockholders, positioning themselves between debtholders and equity shareholders. They are particularly significant in the utilities sector where companies like DTE Energy Co., which provides electric and natural gas services, often issue them to raise capital while appealing to income-focused investors due to their stable dividend payout features. In the broader market context, this asset serves as a long-term investment vehicle for generating consistent returns while being part of a company instrumental in energy infrastructure and supply.