Dominion Energy Inc Stock Price, News & Analysis

Dominion Energy's board has declared a quarterly dividend of 63 cents per share, set to be paid on March 20, 2021. This dividend will benefit shareholders of record as of March 5, 2021. The announcement marks the 372nd consecutive dividend paid by Dominion Energy and its predecessor company, underscoring the company's commitment to returning income to shareholders. The previous dividend was declared on November 4, 2020.

Dominion Energy has been honored with the Emergency Response Award from the Edison Electric Institute for its exceptional recovery efforts following Hurricane Isaias. The hurricane impacted over 508,000 customers in Virginia, marking the 10th largest restoration effort in the company's history. Dominion restored power within three days after peak disruptions. This recognition reflects the dedication of the company's frontline employees, especially during challenging times, including the ongoing pandemic.

Dominion Energy has awarded $1.3 million in grants to 118 organizations focused on environmental education and stewardship across eight states. This initiative reflects the company's commitment to enhancing natural spaces and supporting community projects. Over the past 15 years, Dominion has contributed more than $37 million to various environmental efforts. Notable grants this year include funding for the Audubon Society of Northern Virginia and Utah State University. The grants aim to improve accessibility to nature and promote ecological education for future generations.

Dominion Energy (NYSE: D) has acquired a 150-megawatt solar facility in Hardin County, Ohio, from Invenergy. This marks Dominion's first solar investment in Ohio, with plans to enhance its clean energy portfolio. The solar power generated will be contracted to Facebook under a long-term agreement. With over 2,200 megawatts of solar capacity operational and an additional 3,500 megawatts in development, Dominion aims for net-zero emissions by 2050. The acquisition strengthens Dominion's partnership with Invenergy and aligns with corporate sustainability goals.

Dominion Energy (NYSE: D) will hold its fourth-quarter 2020 earnings call on Feb. 12, 2021, at 10 a.m. ET. Management will discuss financial results and other key topics for stakeholders, with an expected duration of 60 to 90 minutes. A live webcast will be available on the investor website, along with accompanying slides. Participants can join via phone, with specific dialing instructions provided. A replay of the webcast and a telephonic recording will be accessible later on the same day.

Dominion Energy is launching the Educational Equity Scholarship Program, providing $500,000 in scholarships for 2021 to support African American and other underrepresented minority students in its service area. This initiative is part of a broader $10 million commitment over six years. The program will award 60 scholarships, including 20 at $5,000 for two-year schools and 40 at $10,000 for four-year institutions, with a Jan. 25, 2021 application deadline. The program aims to enhance educational access and aid students in achieving higher education.

Dominion Energy is launching the Educational Equity Scholarship Program, offering $500,000 in scholarships in 2021 to support African American and other underrepresented minority students. This initiative is part of a larger $10 million effort spanning six years. Scholarships of $5,000 and $10,000 will be awarded to qualifying students, with renewal options based on GPA. The application period is open until January 25, 2021. This program aligns with Dominion's ongoing support for historically black colleges and universities, committing $25 million to various institutions.

Dominion Energy has announced three grants amounting to $200,000 as part of its 'We Care Rebuild Project.' The donations will support significant community organizations in Northeast Ohio, including the Urban League of Greater Cleveland, EDWINS Leadership Restaurant Institute, and the Women of Color Foundation. The Urban League will receive $100,000 for a Social Justice and Civil Rights Institute, while EDWINS and Women of Color Foundation will receive $50,000 each for their respective culinary training and leadership initiatives.

Dominion Energy has submitted a Construction and Operations Plan (COP) to the Bureau of Ocean Energy Management (BOEM) for the Coastal Virginia Offshore Wind (CVOW) project, the largest planned offshore wind farm in the U.S. This 2,640-megawatt project aims to power up to 660,000 homes upon completion in 2026. The COP includes environmental safeguards and anticipates creating around 900 jobs during construction and 1,100 jobs post-operation, contributing $143 million and $210 million annually to the economy, respectively. Construction is set to begin in 2024.