RICHMOND, Va., Dec. 15, 2017 /PRNewswire/ -- The board of directors of Dominion Energy (NYSE: D) today established a 2018 dividend of $3.34 per share of common stock, up from $3.035 per share in 2017, or a 10 percent increase. Subject to board declaration in January, the first quarterly dividend of 83.5 cents per share will be payable in March 2018. The expected 2018 dividend increase would mark the 15th consecutive year in which the annual dividend rate rose from the previous year's rate.
Dominion Energy is one of the nation's largest producers and transporters of energy, with a portfolio of approximately 25,600 megawatts of generation, 15,000 miles of natural gas transmission, gathering and storage pipeline, and 6,600 miles of electric transmission lines. Dominion Energy operates one of the nation's largest natural gas storage systems with 1 trillion cubic feet of storage capacity and serves more than 6 million utility and retail energy customers. For more information about Dominion Energy, visit the company's website at www.dominionenergy.com.
Payment of the 2018 dividend is subject to quarterly determination and declaration by the board of directors of specific record and payable dates.
SOURCE Dominion Energy
For further information: Media: Ryan Frazier, (804) 819-2521 or C.Ryan.Frazier@dominionenergy.com; Financial analysts: Steven Ridge, (804) 819-2492 or Steven.D.Ridge@dominionnenergy.com