Dominion Energy Dividend Cut

Dominion energy is putting the brakes on dividend growth dominion energy was a dividend growth machine but all of that s going to end.

Dominion energy dividend cut.

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. On the other hand management s action was voluntary rather than. Much of this was due to the high dividend yield compared to the s p 500.

Proceeds will be about 3b as the deal includes the assumption of 5 7b in debt and taxes. This ends an 18 year track record of annual dividend increases. By the end of the year it plans to cut its dividend by 28. Dividend cut by dominion energy.

The stock had over 77k followers on seeking alpha. The initial market reaction to dominion s move has been negative i suspect primarily because of the unexpected dividend cut. 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. The company is selling assets to berkshire hathaway.

Dividends are typically paid on the 20th day of march june september and december. Were canceling their atlantic coast pipeline project. Dominion also announced that it and its partner duke energy corp. The yield has consistently been over 4 since early 2018 and more recently has been over 5 at times.

That s a significant reduction. Find the latest dividend history for dominion energy inc. However revenue earnings. Dividends on dominion energy common stock are paid as declared by the board of directors.

In order to serve you better please select your dominion energy location services. Utility dominion energy nyse d announced that it was making a big change. In early july giant u s. I just learned that dominion energy d is going to cut annual dividends to 2 50 share from 3 76 share.

Here s what you need to know about this big development. Dividends can be paid by check or electronic deposit or may be reinvested.