Here’s How You Can Earn $100 In Passive Income By Investing In Duke Energy Stock
May 5, 2025
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Duke Energy Corp. (NYSE:DUK) is one of America’s largest energy holding companies. The company’s electric utilities serve 8.4 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 54,800 megawatts of energy capacity. Its natural gas utilities serve 1.7 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky.
It will report its Q1 2025 earnings on May 6. Wall Street analysts expect the company to post EPS of $1.54, up from $1.44 in the prior-year period. According to data from Benzinga Pro, quarterly revenue is expected to be $7.79 billion, up from $7.67 billion a year earlier.
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The 52-week range of Duke Energy stock price was $97.49 to $125.27.
Duke Energy’s dividend yield is 3.43%. It paid $4.18 per share in dividends during the last 12 months.
On Feb. 13, the company announced its Q4 2024 earnings, posting adjusted EPS of $1.66, in line with the consensus estimates, as reported by Benzinga. Revenues of $7.36 billion exceeded the consensus of $7.33 billion.
“Duke Energy enters 2025 in a position of strength, and I’m excited about the future with Harry Sideris as its next CEO. Under his leadership, Duke Energy is well positioned to execute the next phase of our business strategy,” said CEO Lynn Good.
Duke Energy reaffirmed its full-year 2025 outlook, expecting adjusted EPS in the range of $6.17 to $6.42, compared to the consensus of $6.33.
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If you want to make $100 per month — $1,200 annually — from Duke Energy dividends, your investment value needs to be approximately $34,985, which is around 287 shares at $122.02 each.
Understanding the dividend yield calculations: When making an estimate, you need two key variables — the desired annual income ($1,200) and the dividend yield (3.43% in this case). So, $1,200 / 0.0343 = $34,985 to generate an income of $100 per month.
You can calculate the dividend yield by dividing the annual dividend payments by the current price of the stock.
The dividend yield can change over time. This is the outcome of fluctuating stock prices and dividend payments on a rolling basis.
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For instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40).
In summary, income-focused investors may find Duke Energy stock an attractive option for making a steady income of $100 per month by owning 287 shares of stock. There may be more upside to come as investors benefit from the company’s consistent dividend hikes. Duke Energy has raised its dividend consecutively for the last 17 years.
Check out this article by Benzinga for three more stocks offering high dividend yields.
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This article Here’s How You Can Earn $100 In Passive Income By Investing In Duke Energy Stock originally appeared on Benzinga.com
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