Dominion Declares Quarterly Dividend of 64.5 Cents Per Share; Declaration Represents Company's 300th Consecutive Dividend.Business Editors RICHMOND, Va.--(BUSINESS WIRE)--Feb. 18, 2003 The board of directors of Dominion (NYSE NYSE See: New York Stock Exchange : D) on Feb. 17 declared a quarterly dividend of 64.5 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. of common stock. This is the 300th consecutive dividend that Dominion or its predecessor company has paid holders of common stock and represents more than 77 consecutive years of dividends paid. Dominion's last quarterly dividend was declared October 11, 2002. Dividends are payable March 20, 2003 to holders of record at the close of business February 28, 2003. 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 Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. . Preferred dividends preferred dividend n. a payment of a corporation's profits to holders of preferred shares of stock. (See: preferred stock) on the company's fixed-rate preferred stock are payable March 20, 2003 to holders of record at the close of business February 28, 2003. |
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