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Here's What Differentiates Dominion Energy from Its Peers

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Part 9
Here's What Differentiates Dominion Energy from Its Peers PART 9 OF 13

Dominion Energy’s Current Yield and Dividend Growth

Dividend yield

Dominion Energy (D) is currently trading at a dividend yield of 3.8%, which is higher than the industry average of 3.5%. Its premium yield is impressive, but what sets it apart from its peers is its dividend growth. In the last five years, Dominion has managed to increase its per share dividend by more than 7% compounded annually. Management expects dividends to rise 10% annually through 2020.

Dominion Energy’s five-year average dividend yield is 3.6%. Its historical average, which is at its current level, reflects Dominion’s dividend stability.

Dominion Energy’s Current Yield and Dividend Growth

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Peer comparisons

Dominion Energy’s expected per share dividend growth rate of 10% is more than double the targeted industry average (XLU) of 5% per year. Regulated utility peers Southern Company (SO) and Duke Energy (DUK) expect to grow their dividends at similar levels for the next few years. SO currently yields 4.5%, while DUK offers a dividend yield of 4%.

NextEra Energy (NEE), the top utility, surpasses several utility peers in terms of dividend growth. It has increased its per share dividend more than 10% compounded annually in the last five years. For the next few years, NEE management expects a per share dividend growth rate of 13% per year.

NextEra Energy’s current dividend yield is 2.5%, which could make some investors take notice. You can read more about its dividend profile in NextEra Energy’s Dividend Profile Looks Good despite Flaws.

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