Dominion Energy Stock Dividend Cut

Dominion energy pays an annual dividend of 3 76 per share with a dividend yield of 4 82.

Dominion energy stock dividend cut. Dividends can be paid by check or electronic deposit or may be reinvested. Dominion energy and duke energy cancel the atlantic coast pipeline. 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. Dividends on dominion energy common stock are paid as declared by the board of directors.

Dividends are typically paid on the 20th day of march june september and december. The company is selling assets to berkshire hathaway. Based on the current stock price the forward dividend yield will be about 3 3. Despite the dividend cut by dominion it is still a decent stock for those seeking income.

Please be advised that effective august 5 2020 dominion will be changing to open market purchases for dividends as well as optional and recurring purchases. The consensus price target on the stock is 84 15. 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. In early july giant u s.

That s a significant reduction. 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. For dividend purchases please note the purchase will still take place on the wednesday following the payable date. Click here for stock split information.

Final thoughts on dominion. In order to serve you better please select your dominion energy location services. Clearly one can do much worse when seeking income. This is decent and greater than the current average yield of 1 9.

Dominion does plan to buy back 3 billion in stock. Proceeds will be about 3b as the deal includes the assumption of 5 7b in debt and taxes. D s most recent quarterly dividend payment was made to shareholders of record on sunday september 20. This ends an 18 year track record of annual dividend increases.

I just learned that dominion energy d is going to cut annual dividends to 2 50 share from 3 76 share. Utility dominion energy nyse d announced that it was making a big change.