Dominion Declares 342nd Consecutive Quarterly Dividend
Dominion announced today that its board has approved a $0.5625 quarterly dividend, keeping distributions steady at Dominion's previous rate. The dividend will be paid out on Sept. 20 to any investors holding Dominion shares as of Sept. 6.
According to the press release, this marks the 342nd straight dividend that Dominion (or its predecessor company) has distributed to shareholders. Over the past five years, the utility has increased its dividend by a substantial 42%, and the company's current annual yield clocks in at 3.7%.
The article Dominion Declares 342nd Consecutive Quarterly Dividend originally appeared on Fool.com.Fool contributor Justin Loiseau has no position in any stocks mentioned, but he does use electricity. You can follow him on Twitter, @TMFJLo, and on Motley Fool CAPS, @TMFJLo.The Motley Fool recommends Dominion Resources. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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