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Dominion Energy's Dividend Is Safe, but Will It Last?

Dominion Energy's Dividend Is Safe, but Will It Last?

Dominion Energy (NYSE: D) investors collectively breathed a sigh of relief after the company announced on its Q4 2022 earnings call that it had no intention of cutting its dividend. The bigger issue is that Dominion Energy's stock is hovering around a 10-year low. There's no sugar-coating the fact that Dominion Energy has been the second worst-performing major U.S.-based regulated electric utility (behind PG&E) over the last decade.