Dominion Resources Inc., Sempra Energy (SRE) and other regulated utility owners may increase their dividends next year after payouts fell to historically low levels because of concern about U.S. pollution rules, a fund manager for Franklin Resources Inc. (BEN) said.
Utilities have been “holding off” on spending plans and dividends while awaiting final rules from the U.S. Environmental Protection Agency to cut power-plant emissions, John Kohli, who manages $3.6 billion as portfolio manager for the Franklin Utilities Fund, said in a Dec. 20 phone interview.
I'm not very optimistic about an increase. Too many expenses this year especially due to the shut down of the reactors and repairs expended among other issues. I'm not sure we'll see a good quarter in profitability. Maybe next year.