Dominion Energy Dividend Cut

Utility dominion energy nyse d announced that it was making a big change.

Dominion energy dividend cut.

Topping off the day dominion also announced a cut to its dividend. I just learned that dominion energy d is going to cut annual dividends to 2 50 share from 3 76 share. 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. However revenue earnings.

Dominion also announced that it and its partner duke energy corp. The initial market reaction to dominion s move has been negative i suspect primarily because of the unexpected dividend cut. Proceeds will be about 3b as the deal includes the assumption of 5 7b in debt and taxes. On the other hand management s action was voluntary rather than.

Were canceling their atlantic coast pipeline project. Dividend cut by dominion energy. Find the latest dividend history for dominion energy inc. The transaction is.

Here s what you need to know about this big development. 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. Click here for stock split information. This ends an 18 year track record of annual dividend increases.

The yield has consistently been over 4 since early 2018 and more recently has been over 5 at times. Much of this was due to the high dividend yield compared to the s p 500. Dividends on dominion energy common stock are paid as declared by the board of directors. That s a significant reduction.

In early july giant u s. Dominion energy is putting the brakes on dividend growth dominion energy was a dividend growth machine but all of that s going to end. In order to serve you better please select your dominion energy location services. The company is selling assets to berkshire hathaway.

By the end of the year it plans to cut its dividend by 28. Dividends are typically paid on the 20th day of march june september and december.