Dominion Raises Qtr. Dividend from $0.5275 to $0.5625/Share - Dominion Energy (NYSE:D)

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The board of directors ofDominion (NYSE: D) today set a new goal to achieve a 65-70 percent dividendpayout ratio. The new policy replaces one established in December 2010 toachieve a 60-65 percent payout ratio. The board also set a 2013 dividend rateof $2.25 per share of common stock, up from $2.11 per share in 2012, or a 6.6percent increase. Subject to board declaration in January, the first quarterlydividend of 56.25 cents per share will be payable in March 2013.

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