Dominion Energy Dividend Cut

I just learned that dominion energy d is going to cut annual dividends to 2 50 share from 3 76 share.

Dominion energy dividend cut.

Dividends can be paid by check or electronic deposit or may be reinvested. Much of this was due to the high dividend yield compared to the s p 500. On the other hand management s action was voluntary rather than. In early july giant u s.

The transaction is. The company is selling assets to berkshire hathaway. However revenue earnings. Click here for stock split information.

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. Find the latest dividend history for dominion energy inc. The stock had over 77k followers on seeking alpha. This ends an 18 year track record of annual dividend increases.

Were canceling their atlantic coast pipeline project. Dominion was a popular income stock before the announcement. The yield has consistently been over 4 since early 2018 and more recently has been over 5 at times. 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. Dividend cut by dominion energy. Dominion energy is putting the brakes on dividend growth dominion energy was a dividend growth machine but all of that s going to end.

Utility dominion energy nyse d announced that it was making a big change. 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. 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 initial market reaction to dominion s move has been negative i suspect primarily because of the unexpected dividend cut. Dominion also announced that it and its partner duke energy corp.