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Duke Energy Corp | 5.75% Series A Cumulative Redeemable Perpetual Preferred Stock (DUK.PRA)
Prospectus excerpt: Each of the 40,000,000 depositary shares offered hereby (the "Depositary Shares") represents a 1/1,000th interest in a share of 5.75% Series A Cumulative Redeemable Perpetual Preferred Stock, par value $0.001 per share, with a $25,000 liquidation preference per share (equivalent to $25.00 per Depositary Share) (the "Series A Preferred Stock") of Duke Energy Corporation, deposited with Equiniti Trust Company, as depositary (the "Depositary"). The Depositary Shares are evidenced by depositary receipts. As a holder of Depositary Shares, you will be entitled to a proportional fractional interest in all rights and preferences of the Series A Preferred Stock (including dividend, voting, redemption and liquidation rights). You must exercise these rights through the Depositary. Dividends on the Series A Preferred Stock, when, as and if declared by our board of directors (the "Board") or any duly authorized committee of the Board, will be payable on the liquidation preference amount, on a cumulative basis, quarterly in arrears on the 16th day of March, June, September and December of each year, commencing on June 16, 2019. Dividends will be payable out of amounts legally available for the payment of dividends at an annual rate equal to 5.75% of the $25,000 liquidation preference per share of Series A Preferred Stock (equivalent to $25.00 per Depositary Share). Dividends on the Series A Preferred Stock will accumulate daily and be cumulative from, and including, the date of original issuance of the Series A Preferred Stock. Full Prospectus PDF », Secondary Prospectus PDF », DUK Page »
Series: | A | Alternate symbology: | DUK-A, DUK-PA, DUKprA | Redeemable?: | Yes | Call Date: | 6/15/2024 | Perpetual?: | Yes | Cumulative?: | Yes | Shares Offered: | 40,000,000 | Liquidation Preference: | $25.00 | Recent Market Price: | $24.78 | Discount to Liquidation Preference: (More Preferreds Trading at a Discount ») | $-0.22 (-0.88%) | Annualized Dividend: | 1.4375 | Recent Ex-Date: | 2/15/2024 | Current Yield: | 5.80% | Original Coupon: | 5.75% | Pay Period: | Quarterly | Pay Dates: | 16-Mar, 16-Jun, 16-Sep, 16-Dec | CDx3 Compliance Rating: |
Learn DUK.PRA's Rating
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Duke Energy is a holding company. Through its direct and indirect subsidiaries, Co. is an energy company. Co.'s segments include: Electric Utilities and Infrastructure, which provides retail electric service through the generation, transmission, distribution and sale of electricity to its customers within the Southeast and Midwest regions of the U.S.; Gas Utilities and Infrastructure, which conducts natural gas operations and also owns, operates and has investments in various pipeline transmission and natural gas storage facilities; and Commercial Renewables, which primarily acquires, develops, builds, operates and owns wind and solar renewable generation throughout the continental U.S. Preferreds: FPC.PRA, DUK.PRA Open the DUK Information Page »
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Name: |
Duke Energy Corp |
Website: |
www.duke-energy.com |
Sector: |
Electric Utilities |
Number of ETFs Holding DUK: |
112 (see which ones) |
Total Market Value Held by ETFs: |
$10,669,818,318.99 |
Total Market Capitalization: |
$72,827,000,000 |
% of Market Cap. Held by ETFs: |
14.65% |
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