30 Growing Dividend Stocks with Low PE Ratios

24. Duke Energy Corporation (NYSE:DUK)

Forward P/E Ratio as of April 22: 19.08

Duke Energy Corporation (NYSE:DUK) is a North Carolina-based electric power and natural gas holding company that is primarily involved in the generation, transmission, distribution, and sale of electricity. Since the start of 2025, the stock has surged by over 13%, outperforming the broader market.

In the fourth quarter of 2024, Duke Energy Corporation (NYSE:DUK) posted an adjusted earnings per share of $1.66, edging past market expectations by a cent. However, its revenue came in at $7.36 billion, missing forecasts by roughly $294 million. The company faced significant financial setbacks due to Hurricanes Debby, Milton, and Helene, with restoration costs estimated between $2.4 billion and $2.6 billion. Despite these challenges, Duke’s electric and gas divisions saw a 5% year-over-year increase in income, reaching approximately $1.4 billion for the quarter.

Duke Energy Corporation (NYSE:DUK) is a solid dividend payer, as the company has distributed dividends regularly for 99 consecutive years. Moreover, it has raised its payouts for 13 consecutive years, which makes DUK one of the best growing dividend stocks. The company offers a quarterly dividend of $1.045 per share and has a dividend yield of 3.4%, as of April 22.