Dominion Energy Stock Dividend Cut

Final thoughts on dominion.

Dominion energy stock dividend cut.

Dividends can be paid by check or electronic deposit or may be reinvested. Dominion energy pays an annual dividend of 3 76 per share with a dividend yield of 4 82. And selling the midstream operations will boost projected annual earnings growth to a range of 10 to 11 percent for 2021 with 6 5 percent a. Find the latest dividend history for dominion energy inc.

Dominion s stock traded up about 0 6 shortly before noon tuesday at 74 06 in a 52 week range of 57 79 to 90 89. This ends an 18 year track record of annual dividend increases. The company is selling assets to berkshire hathaway. Clearly one can do much worse when seeking income.

Dividends are typically paid on the 20th day of march june september and december. Select my state select state idaho north carolina gas north carolina electric ohio south carolina utah virginia west virginia wyoming go to this state s site. Utility dominion energy nyse d announced that it was making a big change. This is decent and greater than the current average yield of 1 9.

Despite the dividend cut by dominion it is still a decent stock for those seeking income. By the end of the year it plans to cut its dividend by 28. In early july giant u s. I just learned that dominion energy d is going to cut annual dividends to 2 50 share from 3 76 share.

Based on the current stock price the forward dividend yield will be about 3 3. The company has grown its dividend for the last 1 consecutive years and is increasing its dividend by an average of 9 44 each year. Dominion does plan to buy back 3 billion in stock. In order to serve you better please select your dominion energy location services.

Proceeds will be about 3b as the deal includes the assumption of 5 7b in debt and taxes. That s a significant reduction. Dominion energy and duke energy cancel the atlantic coast pipeline. The consensus price target on the stock is 84 15.

Dividends on dominion energy common stock are paid as declared by the board of directors. For dividend purchases please note the purchase will still take place on the wednesday following the payable date.