Dominion Energy Stock Dividend Cut

Dividends are typically paid on the 20th day of march june september and december.

Dominion energy stock dividend cut.

The consensus price target on the stock is 84 15. For dividend purchases please note the purchase will still take place on the wednesday following the payable date. I just learned that dominion energy d is going to cut annual dividends to 2 50 share from 3 76 share. 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.

This is decent and greater than the current average yield of 1 9. Dominion does plan to buy back 3 billion in stock. Based on the current stock price the forward dividend yield will be about 3 3. Proceeds will be about 3b as the deal includes the assumption of 5 7b in debt and taxes.

Despite the dividend cut by dominion it is still a decent stock for those seeking income. Dividends on dominion energy common stock are paid as declared by the board of directors. Find the latest dividend history for dominion energy inc. Dividends can be paid by check or electronic deposit or may be reinvested.

In order to serve you better please select your dominion energy location services. Dominion energy and duke energy cancel the atlantic coast pipeline. In early july giant u s. The company is selling assets to berkshire hathaway.

Final thoughts on dominion. 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. 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. Utility dominion energy nyse d announced that it was making a big change.

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. That s a significant reduction. This ends an 18 year track record of annual dividend increases. Click here for stock split information.

By the end of the year it plans to cut its dividend by 28. 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.