Dominion Resources Inc. (Virginia) (D) Announces Quarterly Dividend of $0.56
Dominion Resources Inc. (Virginia) (NYSE:D) declared a quarterly dividend on Friday, October 25th, American Banking News.com reports. Investors of record on Friday, December 6th will be given a dividend of $0.5625 per share on Friday, December 20th. This represents a $2.25 dividend on an annualized basis and a yield of 3.51%.
D has been the subject of a number of recent research reports. Analysts at Morgan Stanley raised their price target on shares of Dominion Resources Inc. (Virginia) from $56.00 to $68.00 in a research note to investors on Wednesday, October 16th. On the ratings front, analysts at Deutsche Bank raised their price target on shares of Dominion Resources Inc. (Virginia) from $60.00 to $64.00 in a research note to investors on Tuesday, October 1st. They now have a “hold” rating on the stock. Finally, analysts at Macquarie reiterated a “buy” rating on shares of Dominion Resources Inc. (Virginia) in a research note to investors on Tuesday, September 24th. They now have a $63.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $70.07.
Dominion Resources Inc. (NYSE:D) traded up 0.12% during mid-day trading on Friday, hitting $64.24. The stock had a trading volume of 959,662 shares. Dominion Resources Inc. has a 52-week low of $48.94 and a 52-week high of $61.94. The stock’s 50-day moving average is $58.81 and its 200-day moving average is $58.27. The company has a market cap of $37.196 billion and a P/E ratio of 149.56.
Dominion Resources Inc. (Virginia) (NYSE:D) last announced its earnings results on Tuesday, August 6th. The company reported $0.62 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.66 by $0.04. During the same quarter in the previous year, the company posted $0.59 earnings per share. On average, analysts predict that Dominion Resources Inc. will post $3.33 earnings per share for the current fiscal year.
Dominion Resources, Inc (NYSE:D) is a producer and transporter of energy.
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