Dominion Resources, Inc. Declares Quarterly Dividend of $0.60 (D)
Dominion Resources (NYSE:D) announced a quarterly dividend on Friday, August 8th, StockRatingsNetwork reports. Shareholders of record on Friday, August 29th will be paid a dividend of 0.60 per share on Saturday, September 20th. This represents a $2.40 annualized dividend and a dividend yield of 3.65%.
A number of analysts have recently weighed in on D shares. Analysts at Jefferies Group cut their price target on shares of Dominion Resources from $73.50 to $72.00 in a research note on Thursday, July 31st. They now have a “hold” rating on the stock. On a related note, analysts at BMO Capital Markets raised their price target on shares of Dominion Resources from $64.00 to $67.00 in a research note on Thursday, July 31st. They now have a “market perform” rating on the stock. Finally, analysts at JPMorgan Chase & Co. set a $77.00 price target on shares of Dominion Resources in a research note on Wednesday, July 9th. They now have an “overweight” rating on the stock. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $69.55.
Dominion Resources (NYSE:D) traded up 2.25% on Friday, hitting $67.24. The stock had a trading volume of 1,437,180 shares. Dominion Resources has a 1-year low of $56.58 and a 1-year high of $73.75. The stock’s 50-day moving average is $69.37 and its 200-day moving average is $69.49. The company has a market cap of $39.179 billion and a P/E ratio of 24.93.
Dominion Resources (NYSE:D) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.62 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.62. During the same quarter in the prior year, the company posted $0.62 earnings per share. On average, analysts predict that Dominion Resources will post $3.51 earnings per share for the current fiscal year.
In other Dominion Resources news, Director Mark J. Kington purchased 15,000 shares of the stock on the open market in a transaction that occurred on Wednesday, August 6th. The stock was purchased at an average price of $64.87 per share, with a total value of $973,050.00. The purchase was disclosed in a document filed with the SEC, which is available at this link.
Dominion Resources, Inc (NYSE:D) is a producer and transporter of energy.
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