Thanks for pointing out the company’s cut and providing the link. You will also join thousands of other readers each month! In Dominion Energy's case, it might even be a long-term win for shareholders. Dominion Energy pays an annual dividend of $3.76 per share, with a dividend yield of 4.71%. However, it has also been acquiring utilities, most recently SCANA, to build up its regulated utility operations. Dominion Energy (NYSE:D) is one of the largest utilities in the United States. These are boring businesses that would be appropriate for widows and orphans, to use an old Wall Street cliche for the most risk-averse investors one can imagine. That's right -- they think these 10 stocks are even better buys. Disclaimer: Dividend Power is not a licensed or registered investment adviser or broker/dealer. Thanks for the comment. All right reserved. Thanks for putting this list together. Sadly, I expect this list to get a longer as the lockdowns continue and retail continues to take a bloodbath. When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. But the recently announced dividend cut appears to contradict that messaging...or does it? I will look into posting it in a different way in my next update. Most of the business would be sold to Berkshire Hathaway. Forward yield 4.8% Payable June 20; for shareholders of record Jun You’re welcome and thanks for the comment! Thanks for the info! In fact, these stocks tend to have not only higher returns but also lower volatility as measured by beta. Dominion Energy has increased its dividend annually for 16 consecutive years. The headwinds that Dominion faces in the midstream space started in 2018, when a tax law change altered the benefit of the master limited partnership model. Donnelly & Sons (RRD), Foot Locker (FL), Kimco Realty (KIM), Dick’s Sporting Goods (DKS), American Eagle Outfitters (AEO), Anheuser-Busch InBev (BUD), Molson Coors Beverage (TAP), Spirit AeroSystems Holdings (SPR), and several others. However, it pays to think about why a dividend is being reduced before simply dumping a stock on such news. Cumulative Growth of a $10,000 Investment in Stock Advisor, Dominion Energy Is Putting the Brakes on Dividend Growth @themotleyfool #stocks $D, buying smaller, financially troubled utility SCANA, acquiring its controlled midstream partnership, If You Want to Invest in Electric Stocks, This Is the Top Stock to Buy, Forget Big Oil, These 3 Stocks Are Better Energy Investments, The Largest U.S. Offshore Wind Farm Has Its First 2 Windmills, Why Dominion Energy Cutting Its Dividend Is Actually Good for Investors, Copyright, Trademark and Patent Information. Dominion Energy is one the largest utilities in the United States. So CLDT suspended its dividend on March 17, 2020. Between 1972 and 2018, Dividend Growers & Initiators had total annual returns of 9.62% with a beta of 0.88. Dividend Payers had total annual returns of 8.78% with a beta of 0.94. No income investor likes to see a dividend get cut. The average for the utility space, meanwhile, is roughly 70%. The answer isn't great, but it's not exactly bad, either. It would not be a surprise to discover that many investors buy it for the dividends. To be fair, that's enough to keep up with the recent low rate of inflation growth. Please read my disclosure for more information. Some of these have already done so. Sometimes, however, it's the right move. However, there are several Canadian stocks and stocks from other countries on the list that trade in the U.S. and also their home country. Cash on hand will also permit companies to restart operations after the lock downs and travel restrictions are lifted. Thanks for pointing it out. For some companies, the dividend is a significant cash flow requirement. Dividends are typically paid on the 20th day of March, June, September and December. -DP, Hello, SRET cut their dividend from $0.1006 to $0.065, Thanks! Pull that out, and there's no way it could afford to keep paying its dividend at the same level as before. ACN 600 056 611, Simply Wall St is a financial technology startup focused on providing unbiased, high-quality research coverage on every listed company in the world. The number of increases still outpaced the number of decreases. Please see the list of coronavirus dividend cuts and suspensions at the bottom of the article.
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