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Duke Energy Increases Quarterly Dividend June 21, 2011

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CHARLOTTE, N.C. -

Duke Energy today declared a quarterly cash dividend on its common stock of $0.25 per share, an increase of a half-cent over the previous level. The dividend is payable on Sept. 16, 2011, to shareholders of record at the close of business Aug. 12, 2011.

“Today’s announcement is further proof we are successfully carrying out our strategy to consistently grow the dividend and provide solid returns for our investors,” said James E. Rogers, chairman, president and CEO. “Today’s action also takes into account our significant reinvestment in the business and the importance of maintaining a strong balance sheet.”

This is the 85th consecutive year that Duke Energy has paid a quarterly cash dividend on its common stock.

Headquartered in Charlotte, N.C., Duke Energy is a Fortune 500 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available on the Internet at: www.duke-energy.com.

MEDIA CONTACT:
Tom Shiel
Phone:  704-382-2355
24-Hour:  800-559-3853
 
ANALYSTS:
Mike Callahan
Phone:  704-382-0459


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