Tuesday, December 18, 2018

Dividend Increase – Dominion Energy (D)

Thursday, December 14th, the Board of Directors of Dominion Energy announced a quarterly dividend increase of from $ 0.835 to $ 0.9175 per share that’s will be payable March 2019.  This represents a 9.88% increase to regular quarterly dividends.

The expected 2019 dividend increase would mark the 16th consecutive year in which the annual dividend rate rose from the previous year's rate.

Payment of the 2019 dividend is subject to quarterly determination and declaration by the board of directors of specific record and payable dates.

With current price $ 76.99 (Monday's open), this raise brings their dividend yield to 4.77%.

Since I own 40 shares of D, this will increase my portfolio's projected annual net dividend income by $ 9.83.

That increase will rise my YOC to 5.65%. 

Click here to see my portfolio holdings.

You can follow the development of my dividends here.

Full Disclosure: Long D

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