RICHMOND, Va., May 18 /PRNewswire-FirstCall/ -- The board of directors of Dominion (NYSE: D) has declared a quarterly dividend of 45.75 cents per share of common stock.

Dividends are payable on June 20, 2010, to shareholders of record May 28, 2010.

This is the 329th consecutive dividend that Dominion or its predecessor company has paid holders of common stock. The company's last quarterly dividend was declared Jan. 22, 2010.

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 are payable June 20, 2010, to holders of record at the close of business May 28, 2010.

SOURCE Dominion