Dominion Energy Board of Directors Increases Dividend by 10 Percent

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Dec 14, 2018, 12:45 ET

RICHMOND, Va., Dec. 14, 2018 /PRNewswire/ -- The board of directors of Dominion Energy (NYSE: D) today established a 2019 dividend of $3.67 per share of common stock, up from $3.34 per share in 2018, or a 10 percent increase. Subject to board declaration in January, the first quarterly dividend of 91.75 cents per share will be payable in March 2019. The expected 2019 dividend increase would mark the 16th consecutive year in which the annual dividend rate rose from the previous year's rate.

Nearly 6 million customers in 18 states energize their homes and businesses with electricity or natural gas from Dominion Energy, headquartered in Richmond, Va. The company is committed to sustainable, reliable, affordable, and safe energy and is one of the nation's largest producers and transporters of energy with nearly $80 billion of assets providing electric generation, transmission and distribution, as well as natural gas storage, transmission, distribution, and import/export services. As one of the nation's leading solar operators, the company intends to reduce its carbon intensity 50 percent by 2030. Through its Dominion Energy Charitable Foundation, as well as EnergyShare and other programs, Dominion Energy plans to contribute more than $30 million in 2018 to community causes throughout its footprint and beyond.

Payment of the 2019 dividend is subject to quarterly determination and declaration by the board of directors of specific record and payable dates.

SOURCE Dominion Energy