Dominion increases annual dividend rate 6.6% to $2.25 per share The board of directors of Dominion set a new goal to achieve a 65%-70% dividend payout ratio. The new policy replaces one established in December 2010 to achieve a 60%-65% payout ratio. The board also set a 2013 dividend rate of $2.25 per share of common stock, up from $2.11 per share in 2012, or a 6.6% increase. Subject to board declaration in January, the first quarterly dividend of 56.25c per share will be payable in March 2013.
Dominion expresses concerns about impact of EPA 'Clean Power' plan Dominion announced it expressed concern about potential adverse impact on electric reliability and customer bills in comments filed with the Environmental Protection Agency on the EPA's proposed "Clean Power Plan" regulations. The company also said some states – such as Virginia and North Carolina – are treated unfairly in the proposal because of the "greater and unreasonable" reductions required in carbon dioxide emissions rates relative to other nearby states. The proposed regulations could penalize states that already have reduced their carbon intensity, the company said.