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Dominion Energy, Inc. (NYSE:D), currently trading near its 52-week high at $61.58, announced Wednesday that it has entered into an underwriting agreement for the sale of $1.25 billion in junior subordinated notes. The agreement was signed on Monday with BofA Securities, Inc., J.P. Morgan Securities LLC, and Truist Securities, Inc., as representatives for the underwriters. The utility giant, which boasts a market capitalization of $52.4 billion and a notable 43-year track record of consecutive dividend payments, currently offers a 4.36% dividend yield.
The offering consists of $625 million aggregate principal amount of 2025 Series A Junior Subordinated Notes due 2056 and $625 million aggregate principal amount of 2025 Series B Junior Subordinated Notes due 2056. According to the company’s statement, the new Series A notes will be combined with the existing $825 million Series A notes issued on August 6, 2025, forming a single series. Similarly, the new Series B notes will be combined with the existing $700 million Series B notes issued on the same date.
Dominion Energy registered these notes under Rule 415 of the Securities Act of 1933, utilizing a registration statement on Form S-3 that became effective on February 21, 2023. The new notes will be issued under the company’s Nineteenth and Twentieth Supplemental Indentures to its existing Subordinated Indenture II, dated June 1, 2006, as further amended.
Dominion Energy’s common stock is listed on the New York Stock Exchange under the ticker NYSE:D.
This information is based on a press release statement filed with the Securities and Exchange Commission.
In other recent news, Dominion Energy reported its Q2 2025 earnings, revealing that operating earnings per share (EPS) met expectations at $0.75. However, the company’s revenue slightly missed forecasts, recording $3.81 billion against the anticipated $3.85 billion. Despite the revenue shortfall, the earnings report seems to have been received positively by investors. In other developments, the Trump administration is taking steps to halt a $6 billion offshore wind project in Maryland. This project, originally approved by the Biden administration in 2024, involved the construction of up to 114 wind turbines off the coast of Ocean City. The Interior Department plans to remand and vacate the permit previously granted for this project. These recent developments are creating a dynamic landscape for investors to consider.
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