12 Best Oil and Gas Dividend Stocks According to Billionaires

6. Duke Energy Corporation (NYSE:DUK)

Number of Billionaire Holders: 14

Dividend Yield as of March 28: 3.55%

Duke Energy Corporation (NYSE:DUK) engages in the distribution of natural gas and energy-related services. The company’s electric utilities serve 8.4 million customers across six states, while its natural gas utilities provide gas to 1.7 million customers across five states in the US.

Duke Energy Corporation (NYSE:DUK) reported an adjusted EPS of $1.66 in Q4 2024, slightly above market expectations by $0.01. However, the company’s revenue of $7.36 billion fell short of estimates by $294.31 million. Duke suffered badly due to the Hurricanes Debby, Milton, and Helene, with the total cost to restore its facilities in the range of $2.4 billion-$2.6 billion. However, income from the company’s electric and gas segments in Q4 rose 5% YoY overall to around $1.4 billion. Duke Energy declared a quarterly cash dividend of $1.045 per share, making 2025 the 99th consecutive year of paying a quarterly cash dividend for the company.

Duke Energy Corporation (NYSE:DUK) recently raised its five-year capital expenditure plan by 13.7% to $83 billion, accommodating for the surging demand due to population growth and the expansion of data centers and advanced manufacturing. The company expects to issue $6.5 billion of equity over the duration of the plan, including $1 billion in 2024, as it plans to fund roughly 40% of the increase in its capital plan with equity.