Dominion's (D) Farrell Says Co. to Raise Dividend by 5-6% Annually

February 7, 2012 11:41 AM EST
Shares of Dominion Resources (NYSE: D) have ticked into positive territory over the last few minutes of trade as the company's Chairman, President and CEO Tom Farrell is currently speaking at a Credit Suisse Energy Summit.

Farrell said Dominion is planning to raise its dividend by 5-6 percent annually. Dominion currently offers a $0.5275 per share quarterly dividend which yields more than 4 percent.

Dominion shares are now up 0.4 percent to $50.45.


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