In early july giant u s.
Dominion energy stock dividend cut.
Find the latest dividend history for dominion energy inc.
That s a significant reduction.
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.
This ends an 18 year track record of annual dividend increases.
In order to serve you better please select your dominion energy location services.
Despite the dividend cut by dominion it is still a decent stock for those seeking income.
The consensus price target on the stock is 84 15.
Dividends on dominion energy common stock are paid as declared by the board of directors.
D s most recent quarterly dividend payment was made to shareholders of record on sunday september 20.
Dividends can be paid by check or electronic deposit or may be reinvested.
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.
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.
Based on the current stock price the forward dividend yield will be about 3 3.
Dominion does plan to buy back 3 billion in stock.
Dominion energy pays an annual dividend of 3 76 per share with a dividend yield of 4 82.
Proceeds will be about 3b as the deal includes the assumption of 5 7b in debt and taxes.
By the end of the year it plans to cut its dividend by 28.
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Clearly one can do much worse when seeking income.
For dividend purchases please note the purchase will still take place on the wednesday following the payable date.
Click here for stock split information.
Final thoughts on dominion.
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.
Utility dominion energy nyse d announced that it was making a big change.
This is decent and greater than the current average yield of 1 9.
Dividends are typically paid on the 20th day of march june september and december.
