DTB · DTE Energy Co 2020 Series G 4.375% Junior Subordinated Debentures due 10/15/2080, cumulative · dividend, yield to call and par
Summary
DTB is a cumulative preferred of DTE Energy Company. Par is $25.00. The coupon is 4.375%, fixed, paid as $0.2734 a quarter. It has been callable since Oct 2025. At 39% below par, a call is unlikely, so the main risk is interest rates. The issuer is an operating company rated investment grade. The score is 7.1, Good.
4 payments a year. 21 paid since 2021, never changed.
Payments ↓The issuer can redeem at $25.00 at any time, which would hand a holder a 64% gain. Issuers call paper that is dear, not cheap. The risk here is rates, not the call.
Price history ↓4.38% of $25 for as long as the shares are outstanding. A cumulative dividend: a missed payment is still owed.
Questions ↓Preferred equity, senior to the common and below every note and bond. The credit pillar is the weakest of four.
How the score works →| Ex-date | Pay date | Amount | Change | Note |
|---|---|---|---|---|
| Mar 31, 2027 | 04/15/27 | $0.2734 | 0.0% | estimated from the coupon |
| Dec 31, 2026 | 01/15/27 | $0.2734 | 0.0% | declared |
| Sep 30, 2026 | 10/15/26 | $0.2734 | 0.0% | paid |
| Jun 30, 2026 | 07/15/26 | $0.2734 | 0.0% | paid |
How it stacks up · similar preferreds
All baby bonds| Security | Current yield | Coupon | Credit quality | Call date | IQS |
|---|---|---|---|---|---|
| DTB this pageDTE Energy Co 2020 Series G 4.375% Junior Subordinated Debentures due 10/15/2080 | 7.20% | 4.375% | Investment grade | Callable now | 7.1 |
| CMSCCMS Energy Corp., 5.875% Junior Subordinated Notes due 10/15/2078 | 7.21% | 5.875% | Investment grade | Callable now | 7.1 |
| MS-EMorgan Stanley 7.125% Series E Fixed-to-Floating Preferred | 7.27% | 7.283% | Investment grade | Callable now | 6.2 |
| PSA-GPublic Storage, 5.05% Depositary Shares Cumulative Preferred Share Series G | 7.03% | 5.05% | Investment grade | None | 8.9 |
| WFC-LWells Fargo & Co., 7.50% Non-Cumul Perp Conv Cl A Preferred Stock, Series L | 7.00% | 7.5% | Investment grade | None | 7.3 |
Chosen from the 29 preferreds with open records: other issuers only, the same credit quality first, then the closest current yield. Mandatory convertibles are matched only with each other.
Questions about DTB
How much does DTB pay, and how often?
DTB pays $1.09 a share a year. That is 4.375% of the $25.00 face value. At the November 9 close of $15.20, it is a 7.20% current yield.
When is DTB’s next ex-dividend date?
December 31, 2026. The $0.27 payment is payable January 15, 2027. DTE Energy Company has declared it.
Are DTB’s payments qualified dividends?
No. DTB is a bond, so it pays interest, which is taxed as ordinary income.
Can DTB be called?
Yes. The first call date was October 15, 2025, so DTE Energy Company can redeem the shares at $25.00 at any time. The shares trade at $15.20, 39% below that price.
Does DTB have a maturity date?
Yes. DTE Energy Company must repay the $25.00 on October 15, 2080.
What is DTB’s credit quality?
Investment grade. YieldDesk shows credit quality as Investment grade, High yield or Not rated.
What is DTB’s Income Quality Score?
DTB scores 7.1 out of 10, in the Good tier, computed on November 9, 2026 from filings and market data. The score weighs four pillars: coverage and protection, credit, buyback economics, and structure. Credit is the lowest, at 5.5. The methodology page explains each pillar.
Payments from issuer declarations; terms from the prospectus on SEC EDGAR; price from licensed market data, delayed 15 minutes. Credit quality shows Investment grade, High yield or Not rated. The Income Quality Score is computed from filings and market data; the methodology page lists each class’s pillars. IQS describes a security. It is not investment advice or a recommendation to buy, sell or hold.
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