DTE Energy Company 2020 SeriesDTB

Where DTB's Payout Ratio sits inside its own 10-year distribution, with the yearly high, low and average.

$15.70+0.20 (+1.29%)Previous close
NYSEUtilities

DTB Payout Ratio: current value, 10-year range and year-by-year history

Payout Ratio History

Historically priceyAbove avgAround avgBelow avgHistorically cheap
DTB Payout Ratio historyDTB Payout Ratio from Sep 2024 to Jun 2026: low 8.82%, high 26.98%, latest 26.98%.7.37%12.63%17.9%23.17%28.44%Sep 24Dec 24Mar 25Jun 25Jun 26med 9.42%

DTB Payout Ratio by year

Yearly range of DTB’s payout ratio from 2021 to 2026. Over the full period it ranged from 8.8% to 66.1%, averaging 22.9%.

DTB Payout Ratio — yearly low, average, high and year-end values
YearLowAverageHighYear-end
202627.0%27.0%27.0%27.0%
20258.8%8.8%8.8%8.8%
20249.4%9.6%9.9%9.4%
202130.3%48.2%66.1%66.1%

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What fraction of free cash flow is paid out as dividends. More reliable than the earnings-based payout ratio because cash is harder to manipulate through accounting choices. Low ratio = room to grow the dividend and absorb an earnings dip. High ratio = dividend is consuming most of the cash generated.

FormulaTTM Dividends Per Share / (TTM FCF ÷ Shares) × 100%
Full guide
How to read this chart

A steadily rising FCF payout ratio warrants scrutiny only if FCF itself is flat or falling — that means the company is paying out a larger slice of shrinking cash. A high but stable ratio in a capital-light business (e.g. consumer staples) can be perfectly sustainable.

Key caveats
  • FCF can be lumpy: large one-off capex or working-capital swings distort a single year. Look at the multi-year trend rather than any single data point.
  • Utilities and REITs naturally sustain 60–90% FCF payout ratios; industrials and tech companies typically run 20–50%. Always compare to sector context.
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