Dominion Keeps Dividend Level

Dominion Resources (NYSE: D  ) is maintaining its dividend, despite some recent concern about pricing. The company will distribute $0.5625 per share of its common stock on June 20 to shareholders of record as of June 7. This matches the amount of the company's previous quarterly handout, which was dispensed in March. Before that, it paid $0.5275 per share.

The dividend declaration comes on the heels of Dominion's application for a fuel rate increase. The company says that if approved by the Virginia State Corporation Commission, this would result in an additional cost of $2.36 for the average customer currently paying $108.39 for a monthly, 1,000-kilowatt-hour bill.

The current dividend annualizes to $2.25 per share. That yields 3.7% at Dominion's current stock price of $60.91.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2408979, ~/Articles/ArticleHandler.aspx, 8/23/2014 2:19:32 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement