Dominion Energy Dividend Cut

Find the latest dividend history for dominion energy inc.

Dominion energy dividend cut.

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. That s a significant reduction. However revenue earnings. Utility dominion energy nyse d announced that it was making a big change.

Dividends are typically paid on the 20th day of march june september and december. Dividends on dominion energy common stock are paid as declared by the board of directors. This ends an 18 year track record of annual dividend increases. 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. By the end of the year it plans to cut its dividend by 28. In early july giant u s. 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. Proceeds will be about 3b as the deal includes the assumption of 5 7b in debt and taxes. Dominion also announced that it and its partner duke energy corp. Were canceling their atlantic coast pipeline project.

In order to serve you better please select your dominion energy location services. Click here for stock split information. The transaction is. Dividends can be paid by check or electronic deposit or may be reinvested.

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. Topping off the day dominion also announced a cut to its dividend. The company is selling assets to berkshire hathaway. 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. On the other hand management s action was voluntary rather than.