D - Dominion Energy's Dividend Is Safe but Will It Last?
Dominion Energy (NYSE: D) investors collectively breathed a sigh of relief after the company announced on its Q4 2022 earnings call that it had no intention of cutting its dividend. The company already cut its dividend by around a third in 2020.
The bigger issue is that Dominion Energy's stock is hovering around a 10-year low. The depressed stock price, even when factoring in a lower dividend, has pole-vaulted Dominion's yield to a sizable 4.5%.
Let's determine if the company's dividend is safe going forward and if the languishing dividend stock is worth buying now.
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Dominion Energy's Dividend Is Safe, but Will It Last?