Duke Energy declared a quarterly cash dividend on its common stock of $0.890 per share, an increase of $0.035 per share, or 4.1%.

The dividend is payable on September 18, 2017, to shareholders of record at the close of business August 18, 2017.

“This announcement demonstrates confidence in our strategy that produces real results for our customers and balanced growth in earnings for our investors,” said Lynn Good, Chairman, President, and CEO. “This increase confirms our expectation to grow the dividend in line with our long-term earnings per share growth rate of 4 to 6%.”

Duke Energy recently set a goal to reduce carbon emissions 40% by 2030. The company has been diversifying its generating fleet by retiring older coal units, building state-of-the-art natural gas and coal facilities, and expanding renewables.

As a result of its system modernization, Duke Energy has reduced carbon dioxide emissions by more than 29% since 2005. The company’s planned investments over the next decade will build on that progress and further reduce emissions.