Dominion Energy Stock Dividend Cut

This ends an 18 year track record of annual dividend increases.

Dominion energy stock dividend cut.

That s a significant reduction. Despite the dividend cut by dominion it is still a decent stock for those seeking income. This is decent and greater than the current average yield of 1 9. I just learned that dominion energy d is going to cut annual dividends to 2 50 share from 3 76 share.

Final thoughts on dominion. Dominion does plan to buy back 3 billion in stock. Clearly one can do much worse when seeking income. 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.

Dividends can be paid by check or electronic deposit or may be reinvested. Proceeds will be about 3b as the deal includes the assumption of 5 7b in debt and taxes. Utility dominion energy nyse d announced that it was making a big change. The consensus price target on the stock is 84 15.

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 are typically paid on the 20th day of march june september and december. By the end of the year it plans to cut its dividend by 28. Dominion energy pays an annual dividend of 3 76 per share with a dividend yield of 4 82.

D s most recent quarterly dividend payment was made to shareholders of record on sunday september 20. 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. In early july giant u s. In order to serve you better please select your dominion energy location services.

Based on the current stock price the forward dividend yield will be about 3 3. Click here for stock split information. 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 company is selling assets to berkshire hathaway.

Dividends on dominion energy common stock are paid as declared by the board of directors. Find the latest dividend history for dominion energy inc.