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RICHMOND – Dominion Energy (NYSE: D), currently valued at $47.23 billion, has announced the continuation of its long-standing dividend policy, declaring a quarterly dividend of 66.75 cents per share. This marks the 389th consecutive dividend issued to common stockholders, a streak maintained by the energy company and its predecessors. According to InvestingPro data, the company offers an attractive 4.88% dividend yield.
The declared dividend is scheduled to be paid on June 20, 2025, to shareholders who are on record by the close of business on May 29, 2025. The company’s tradition of consistent dividend payments reflects its commitment to shareholder returns, with the previous quarterly dividend having been announced on January 24, 2025. InvestingPro data reveals the company has maintained dividend payments for 43 consecutive years, with analyst price targets ranging from $52 to $69.
Dominion Energy’s announcement underscores its position as a steady performer in the utility sector, known for providing regular dividends to its investors. This financial decision aligns with the company’s history of delivering shareholder value and demonstrates its financial stability. For deeper insights into Dominion Energy’s financial health and detailed analysis, access the comprehensive Pro Research Report available on InvestingPro.
The information reported is based on a press release statement from Dominion Energy.
In other recent news, Dominion Energy Inc. reported impressive financial results for the first quarter of 2025, surpassing Wall Street’s expectations. The company achieved earnings per share (EPS) of $0.93, exceeding the forecasted $0.77, and reported revenue of $4.08 billion, which was higher than the anticipated $3.78 billion. This strong performance is attributed to better-than-expected weather conditions, additional income from renewable natural gas, and robust sales. Dominion Energy reaffirmed its 2025 operating earnings guidance, projecting EPS between $3.28 and $3.52. Meanwhile, Moody’s Ratings downgraded the ratings of Virginia Electric and Power Company (VEPCO), a Dominion Energy subsidiary, affecting over $21 billion in debt securities. The downgrade reflects the uncertain political and economic environments impacting Dominion and VEPCO’s financial metrics. Despite the downgrade, VEPCO maintains a stable outlook due to its financial flexibility at the A3 rating level. Additionally, Dominion Energy is progressing on its Coastal Virginia Offshore Wind (CVOW) project, now 55% complete, with first electricity delivery expected in early 2026.
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