Dominion Energy Dividend Cut

Dominion also announced that it and its partner duke energy corp.

Dominion energy dividend cut.

Proceeds will be about 3b as the deal includes the assumption of 5 7b in debt and taxes. Topping off the day dominion also announced a cut to its dividend. Were canceling their atlantic coast pipeline project. In early july giant u s.

Dominion was a popular income stock before the announcement. Much of this was due to the high dividend yield compared to the s p 500. The initial market reaction to dominion s move has been negative i suspect primarily because of the unexpected dividend cut. On the other hand management s action was voluntary rather than.

The company is selling assets to berkshire hathaway. Dividends can be paid by check or electronic deposit or may be reinvested. Utility dominion energy nyse d announced that it was making a big change. Dividend cut by dominion energy.

I just learned that dominion energy d is going to cut annual dividends to 2 50 share from 3 76 share. The yield has consistently been over 4 since early 2018 and more recently has been over 5 at times. 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. Dividends are typically paid on the 20th day of march june september and december.

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. That s a significant reduction. In order to serve you better please select your dominion energy location services. Dominion energy is putting the brakes on dividend growth dominion energy was a dividend growth machine but all of that s going to end.

Here s what you need to know about this big development. Click here for stock split information. By the end of the year it plans to cut its dividend by 28. The stock had over 77k followers on seeking alpha.

This ends an 18 year track record of annual dividend increases. Dividends on dominion energy common stock are paid as declared by the board of directors.