Dominion Resources Inc. has raised its 2012 dividend to $2.11 a share, up 14 cents from last year.
The dividend change represents an increase of 7.1 percent.
The Dominion board declared a first-quarter dividend of 52.75 cents per share of common stock. Dividends are payable on March 20, to shareholders of record on March 2.
The board of directors of Virginia Electric and Power Company, a subsidiary of Dominion, also declared regular quarterly dividends at the prescribed rates on each of its series of preferred stock.
Preferred dividends on the company’s fixed-rate preferred stock also are payable March 20, to holders of record at the close of business on March 2.
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