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Stock impact report

Dominion Energy: Nearly Decade-High Dividend Yield, But Wait For A Better Entry Point [Seeking Alpha]

Dominion Energy, Inc. (D) 
Last dominion energy, inc. earnings: 2/11 07:30 am Check Earnings Report
US:NYSE Investor Relations: dominionenergy.com/investors
Company Research Source: Seeking Alpha
SummaryDominion Energy is offering a nearly decade-high dividend yield of 4.8%.Thanks to its promising growth prospects, Dominion Energy expects to grow its earnings per share and its dividend by 5.0% and 2.5% per year, respectively, in the upcoming years.The stock is trading at a nearly decade-low price-to-earnings ratio of 17.8.Dominion Energy (NYSE:plunged 36%Business overview - coronavirusDominion generates approximately70%Between 2018 and 2020, Dominion83%On the other hand, Dominion is currently facing the headwind of coronavirus. This headwind is likely to weigh on the electric demand from commercial and industrial customers. However, as millions of people are locked at home due to coronavirus, residential consumption is likely to increase and, thus, offset the decrease in the commercial demand. To provide a perspective, in March, the total consumption of electric energy in the business of Dominion in Virginiarose 0.2%Moreover, the virus is not likely to condemn the U.S. economy Show less Read more
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