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DOMINION RESOURCES INCREASES QUARTERLY DIVIDEND

 RICHMOND, Va., Oct. 18 /PRNewswire/ -- The board of directors of Dominion Resources, Inc. (NYSE: D), on Oct. 16 increased the quarterly dividend on its common stock by 2 cents per share, raising the dividend from 61.5 cents to 63.5 cents, or $2.54 on an annual basis.
 This is the 263rd consecutive dividend that Dominion Resources or its predecessor company has paid holders of common stock and represents more than 69 consecutive years of dividends paid. Dominion Resources' last quarterly dividend was declared July 16, 1993.
 Dividends are payable Dec. 20 to holders of record at the close of business Dec. 1.
 The board of directors of Virginia Power, Dominion Resources' principal subsidiary, also declared regular quarterly dividends on its 12 series of preferred stock. Dividends are payable Dec. 20 to holders of record at the close of business Dec. 1.
 -0- 10/18/93
 /CONTACT: Paige H. Wilson of Dominion Resources, 804-775-5813/
 (D)


CO: Dominion Resources, Inc.; Virginia Power ST: Virginia IN: UTI SU: DIV

DC-DT -- DC002 -- 3181 10/18/93 08:36 EDT
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Publication:PR Newswire
Date:Oct 18, 1993
Words:177
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