Company Update: Dominion Resources Inc (NYSE:D) – Dominion Declares Quarterly Dividend of 70 Cents

[PR Newswire] – RICHMOND, Va., Jan. 21, 2016 /PRNewswire/ — The board of directors of Dominion (NYSE: D) has declared a quarterly dividend of 70 cents per share of common stock. Dividends are payable on March 20, 2016, … Read more on this. Dominion Resources, Inc. (D) , valued at $40.74B, opened at $69.05. Today, shares have traded between $67.97 and $69.08 per share and has traded between $64.54 and $79.89 over the past 12 months. Priced at 19.04x this year’s forecasted earnings, D shares are relatively expensive compared to the industry’s 2.95x forward p/e ratio. And for passive income investors, the company pays shareholders $2.59 per share annually in dividends, yielding 3.71%. In a review of the consensus earnings estimate this quarter, 13 sell-side analysts are looking at $0.91 per share, which would be $0.07 better than the year-ago quarter and a $0.02 sequential decrease. The full-year EPS estimate is $3.66 which would be a $0.23 improvement than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.40 Billion. If reported, that would be a 15.65% increase over the year-ago quarter. In terms of ratings, Scotia Howard Weil Initiated D at Sector Outperform (Nov 17, 2015). Previously, Citigroup Initiated D at to Buy. When considering if the stock is under or overvalued, the average price target is $77.59, which is 12.37% above where the stock opened this morning. See more in (NYSE:D) Similar Articles: Company Update: Dominion Resources Inc (NYSE:D) – Dominion Resources, Inc., Recommends Shareholder Rejection of ‘Mini-Tender’ Offer By TRC Capital Corporation Company Update: Dominion Resources Inc (NYSE:D) – Dominion Closes on First Phase of Solar Sale to SunEdison Market Update: Dominion Resources Inc (NYSE:D) – Dominion And Dominion Midstream Schedule Third-Quarter Earnings Conference Call