Dominion Energy Is About To Offer A Decade-High Dividend Yield Of 4.9%

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About: Dominion Energy, Inc. (D)
by: Aristofanis Papadatos
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Aristofanis Papadatos
Oil & gas, portfolio strategy, value, bonds
Summary

Utilities have enjoyed a breathless rally this year thanks to lower interest rates.

As a result, it has become hard for income-oriented investors to identify attractive yields in the utility sector.

Dominion Energy is expected to offer a decade-high dividend yield of 4.9% from January.

Thanks to the recent interest rate cuts by the Fed, utilities have enjoyed a breathless rally this year. The Utilities Select Sector SPDR Fund (XLU) has rallied 24% this year and is now