Dominion Energy cuts dividend by 33%

Dominion Energy declared that its next payout will be $0.63 per share, to be paid on Dec. 20 to investors of record as of Dec. 4.

That represents a reduction of 33% from Dominion's previous dividend of $0.94, which was handed out in mid-September. The dividend cut naturally means a decline in its yield, which at the current share price is 3%

Since I own 39 shares of Dominion Energy, this cut decreases my 12 month forward dividends by $46.80. Really disappointing but this was actually announced months ago already.