DTE Energy 2014 Annual Report Download - page 23
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Our common stock is listed on the New York Stock Exchange, which is the principal market for such stock. The following table indicates the reported
high and low sales prices of our common stock on the Composite Tape of the New York Stock Exchange and dividends paid per share for each quarterly
period during the past two years:
2014
First
Second
Third
Fourth
2013
First
$ 68.38
$ 60.33
$ 0.6200
Second
$ 73.32
$ 63.38
$ 0.6550
Third
$ 71.77
$ 64.71
$ 0.6550
Fourth
$ 70.64
$ 64.45
$ 0.6550
At December 31, 2014, there were 176,991,231 shares of our common stock outstanding. These shares were held by a total of 61,823 shareholders of
record.
Our Bylaws nullify Chapter 7B of the Michigan Business Corporation Act (Act). This Act regulates shareholder rights when an individual’s stock
ownership reaches 20% of a Michigan corporation’s outstanding shares. A shareholder seeking control of the Company cannot require our Board of Directors
to call a meeting to vote on issues related to corporate control within 10 days, as stipulated by the Act.
We paid cash dividends on our common stock of $470 million in 2014, $445 million in 2013 and $407 million in 2012. The amount of future
dividends will depend on our earnings, cash flows, financial condition and other factors that are periodically reviewed by our Board of Directors. Although
there can be no assurances, we anticipate paying dividends for the foreseeable future.
For information on dividend restrictions see Note 15 to the Consolidated Financial Statements in Item 8 of this Report, "Short-Term Credit
Arrangements and Borrowings".
All of our equity compensation plans that provide for the annual awarding of stock-based compensation have been approved by shareholders. For
additional detail see Note 19 of the Notes to Consolidated Financial Statements in Item 8 of this Report, "Stock-Based Compensation".
See the following table for information as of December 31, 2014.
Plans approved by shareholders 444,278
$ 43.56
3,915,570
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