Dominion Energy Dividend Cut

Dividends can be paid by check or electronic deposit or may be reinvested.

Dominion energy dividend cut. Utility dominion energy nyse d announced that it was making a big change. Much of this was due to the high dividend yield compared to the s p 500. By the end of the year it plans to cut its dividend by 28. The company is selling assets to berkshire hathaway.

Dominion energy is putting the brakes on dividend growth dominion energy was a dividend growth machine but all of that s going to end. Topping off the day dominion also announced a cut to its dividend. The yield has consistently been over 4 since early 2018 and more recently has been over 5 at times. That s a significant reduction.

I just learned that dominion energy d is going to cut annual dividends to 2 50 share from 3 76 share. In order to serve you better please select your dominion energy location services. The transaction is. Proceeds will be about 3b as the deal includes the assumption of 5 7b in debt and taxes.

However revenue earnings. Dominion was a popular income stock before the announcement. The initial market reaction to dominion s move has been negative i suspect primarily because of the unexpected dividend cut. In early july giant u s.

On the other hand management s action was voluntary rather than. This ends an 18 year track record of annual dividend increases. 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. Dominion cut its projected 2021 dividend payment to around 2 50 a share reflecting the assets being divested and a new payout ratio that aligns it better with industry peers.

Find the latest dividend history for dominion energy inc. Here s what you need to know about this big development. Dominion also announced that it and its partner duke energy corp. The stock had over 77k followers on seeking alpha.

Were canceling their atlantic coast pipeline project. Dividend cut by dominion energy.