Dominion Resources Inc. (Virginia) Plans Quarterly Dividend of $0.60 (D)
Dominion Resources Inc. (Virginia) (NYSE:D) announced a quarterly dividend on Friday, January 17th, Analyst Ratings News reports. Stockholders of record on Friday, February 28th will be paid a dividend of 0.60 per share on Thursday, March 20th. This represents a $2.40 annualized dividend and a dividend yield of 3.61%.
D has been the subject of a number of recent research reports. Analysts at Morgan Stanley upgraded shares of Dominion Resources Inc. (Virginia) from an “equal weight” rating to an “overweight” rating in a research note to investors on Monday. On a related note, analysts at UBS AG upgraded shares of Dominion Resources Inc. (Virginia) from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, January 9th. They now have a $72.00 price target on the stock, up previously from $63.00. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Dominion Resources Inc. (Virginia) in a research note to investors on Wednesday, December 11th. They now have a $66.00 price target on the stock, up previously from $64.00. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $64.18.
Dominion Resources Inc. (NYSE:D) traded up 0.03% on Friday, hitting $66.50. The stock had a trading volume of 1,032,387 shares. Dominion Resources Inc. has a 1-year low of $52.35 and a 1-year high of $68.47. The stock has a 50-day moving average of $64.64 and a 200-day moving average of $62.13. The company has a market cap of $38.599 billion and a price-to-earnings ratio of 63.25.
Dominion Resources Inc. (Virginia) (NYSE:D) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.08. During the same quarter in the previous year, the company posted $0.92 earnings per share. Analysts expect that Dominion Resources Inc. will post $3.34 EPS for the current fiscal year.
Dominion Resources, Inc (NYSE:D) is a producer and transporter of energy.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.