Is Dominion Energy the Smartest Investment You Can Make Today?
Dominion Energy (NYSE: D) has a number of very attractive features to offer dividend investors. But there's one fact about the company that will likely cause investors some concern. Here's why it could be the smartest investment you can make today if you can look past management's broken promise.Dominion Energy was projecting continued dividend growth leading up to its sale of pipeline assets to Berkshire Hathaway. The cash flow lost from this decision was material, so the company had no choice but to reset the dividend lower. It then promised investors that dividends would start growing again.Image source: Getty Images.Continue reading
Dominion Energy (NYSE: D) has a number of very attractive features to offer dividend investors. But there's one fact about the company that will likely cause investors some concern. Here's why it could be the smartest investment you can make today if you can look past management's broken promise.
Dominion Energy was projecting continued dividend growth leading up to its sale of pipeline assets to Berkshire Hathaway. The cash flow lost from this decision was material, so the company had no choice but to reset the dividend lower. It then promised investors that dividends would start growing again.
Image source: Getty Images.
