Dominion Declares Quarterly Dividend Of 60 Cents
- Virginia Power also declares pro-rata dividend payouts on soon-to-be redeemed preferred stock
RICHMOND, Va., Oct. 15, 2014 /PRNewswire/ -- The board of directors of Dominion (NYSE: D) has declared a quarterly dividend of 60 cents per share of common stock.
Dividends are payable on Dec. 20, 2014, to shareholders of record at the close of business Nov. 28, 2014.
This is the 347th consecutive dividend that Dominion or its predecessor company has paid holders of common stock. The company's last quarterly dividend was declared Aug. 8, 2014.
On Sept. 18, 2014, the board of directors of Virginia Electric and Power Company (Virginia Power), a subsidiary of Dominion, notified holders of Virginia Power preferred stock of its plans to redeem all shares of each outstanding series of preferred stock. Final quarterly dividends are payable Oct. 20, 2014, to holders of record at the close of business Oct. 20, 2014, at the rates prescribed below:
| Series |
Dividend/Share |
| $5.00 |
$0.4110 |
| $4.04 |
$0.3321 |
| $4.20 |
$0.3452 |
| $4.12 |
$0.3386 |
| $4.80 |
$0.3945 |
| $7.05 |
$0.5795 |
| $6.98 |
$0.5737 |
SOURCE Dominion
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