Dominion Energy Dividend Cut

That s a significant reduction.

Dominion energy dividend cut.

Click here for stock split information. The transaction is. Here s what you need to know about this big development. In early july giant u s.

The initial market reaction to dominion s move has been negative i suspect primarily because of the unexpected dividend cut. 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. Dominion also announced that it and its partner duke energy corp.

By the end of the year it plans to cut its dividend by 28. I just learned that dominion energy d is going to cut annual dividends to 2 50 share from 3 76 share. Dominion energy is putting the brakes on dividend growth dominion energy was a dividend growth machine but all of that s going to end. Were canceling their atlantic coast pipeline project.

Dividends are typically paid on the 20th day of march june september and december. Dividends can be paid by check or electronic deposit or may be reinvested. The company is selling assets to berkshire hathaway. Dividends on dominion energy common stock are paid as declared by the board of directors.

Topping off the day dominion also announced a cut to its dividend. Much of this was due to the high dividend yield compared to the s p 500. Dividend cut by dominion energy. However revenue earnings.

Proceeds will be about 3b as the deal includes the assumption of 5 7b in debt and taxes. Utility dominion energy nyse d announced that it was making a big change. Dominion was a popular income stock before the announcement. 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.

Find the latest dividend history for dominion energy inc. This ends an 18 year track record of annual dividend increases.