Dominion Energy Dividend Cut

By the end of the year it plans to cut its dividend by 28.

Dominion energy dividend cut.

Much of this was due to the high dividend yield compared to the s p 500. 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. 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.

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. Dividends can be paid by check or electronic deposit or may be reinvested. Dividend cut by dominion energy.

This ends an 18 year track record of annual dividend increases. Dominion energy is putting the brakes on dividend growth dominion energy was a dividend growth machine but all of that s going to end. The yield has consistently been over 4 since early 2018 and more recently has been over 5 at times. Proceeds will be about 3b as the deal includes the assumption of 5 7b in debt and taxes.

That s a significant reduction. Click here for stock split information. Utility dominion energy nyse d announced that it was making a big change. Dominion was a popular income stock before the announcement.

However revenue earnings. Find the latest dividend history for dominion energy inc. The transaction is. Dominion also announced that it and its partner duke energy corp.

Were canceling their atlantic coast pipeline project. In early july giant u s. In order to serve you better please select your dominion energy location services. Here s what you need to know about this big development.

On the other hand management s action was voluntary rather than. Dividends on dominion energy common stock are paid as declared by the board of directors.