Dominion Energy's Board of Directors Sets 2021 Dividend Rate

Rhea-AI Summary

Dominion Energy's board has approved a 2021 dividend of $2.52 per share, with the first quarterly payment of 63 cents expected in March 2021. The company anticipates annual dividend-per-share growth of 6 percent starting in 2022. Serving over 7 million customers across 16 states, Dominion is committed to reducing its carbon footprint, aiming for net-zero emissions by 2050. All dividend payments are subject to quarterly board review.

Positive

• Approved a $2.52 per share dividend for 2021.
• Anticipates 6% annual dividend growth starting in 2022.
• Serves over 7 million customers, indicating stable demand.

Negative

• None.

RICHMOND, Va., Dec. 11, 2020 /PRNewswire/ -- The board of directors of Dominion Energy (NYSE: D) today approved a 2021 dividend of $2.52 per share of common stock. Subject to board declaration in January, the first quarterly dividend of 63 cents per share will be payable in March 2021.

Beginning in 2022, the company expects annual dividend-per-share growth of 6 percent.

More than 7 million customers in 16 states energize their homes and businesses with electricity or natural gas from Dominion Energy (NYSE: D), headquartered in Richmond, Va. The company is committed to sustainable, reliable, affordable and safe energy and to achieving net zero carbon dioxide and methane emissions from its power generation and gas infrastructure operations by 2050. Please visit DominionEnergy.com to learn more.

Payment of the 2021 dividend is subject to quarterly determination and declaration by the board of directors of specific record and payable dates.

 

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SOURCE Dominion Energy

FAQ

What is Dominion Energy's dividend for 2021?

Dominion Energy's dividend for 2021 is $2.52 per share.

When will Dominion Energy's first dividend payment be made?

The first dividend payment of 63 cents per share is expected in March 2021.

Will Dominion Energy increase its dividend in the future?

Yes, Dominion Energy expects annual dividend-per-share growth of 6% starting in 2022.

What is Dominion Energy's goal for emissions reduction?

Dominion Energy aims for net-zero carbon dioxide and methane emissions by 2050.