Dominion Resources, Inc. Declares Quarterly Dividend of $0.60 (D)
Dominion Resources (NYSE:D) announced a quarterly dividend on Monday, May 19th, ARN reports. Shareholders of record on Friday, May 30th will be paid a dividend of 0.60 per share on Friday, June 20th. This represents a $2.40 annualized dividend and a dividend yield of 3.41%.
D has been the subject of a number of recent research reports. Analysts at Citigroup Inc. reiterated a “hold” rating on shares of Dominion Resources in a research note on Thursday, April 24th. They now have a $70.00 price target on the stock. On the ratings front, analysts at Deutsche Bank reiterated a “hold” rating on shares of Dominion Resources in a research note on Wednesday, April 23rd. They now have a $71.00 price target on the stock. Finally, analysts at Bank of America reiterated a “buy” rating on shares of Dominion Resources in a research note on Thursday, April 3rd. They now have a $75.00 price target on the stock, up previously from $71.00. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $66.58.
Shares of Dominion Resources (NYSE:D) traded down 1.44% on Monday, hitting $69.32. The stock had a trading volume of 418,402 shares. Dominion Resources has a 52-week low of $53.79 and a 52-week high of $73.75. The stock has a 50-day moving average of $70.76 and a 200-day moving average of $67.82. The company has a market cap of $40.317 billion and a price-to-earnings ratio of 25.86.
Dominion Resources (NYSE:D) last announced its earnings results on Wednesday, April 30th. The company reported $1.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.97 by $0.07. During the same quarter in the prior year, the company posted $0.83 earnings per share. On average, analysts predict that Dominion Resources will post $3.54 earnings per share for the current fiscal year.
In other Dominion Resources news, Director Michael Szymanczyk purchased 5,000 shares of the company’s stock on the open market in a transaction dated Monday, May 5th. The shares were purchased at an average price of $70.97 per share, for a total transaction of $354,850.00. Following the transaction, the director now directly owns 3,979 shares of the company’s stock, valued at approximately $282,390. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Dominion Resources, Inc (NYSE:D) is a producer and transporter of energy.
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