Dominion Board of Directors Increases Dividend Rate by 7.1%; Declares Quarterly Dividend of 52.75 Cents

The board of directors of Dominion (NYSE: D) has set a 2012 dividend rate of $2.11 per share of common stock, up from $1.97 per share in 2011, or a 7.1 percent increase, subject to quarterly determination and declaration of specific record and payable dates. The board also declared a first-quarter dividend of 52.75 cents per share of common stock.