Dominion Declares Quarterly Dividend of 39.5 Cents

RICHMOND, Va., May 9 /PRNewswire-FirstCall/ -- The board of directors of Dominion NYSE: D has declared a quarterly dividend of 39.5 cents per share of common stock.

Dividends are payable on June 20, 2008, to shareholders of record May 30, 2008.

This is the 321st consecutive dividend that Dominion or its predecessor company has paid holders of common stock. The company's last quarterly dividend was declared Jan. 25, 2008.

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, 2008, to holders of record at the close of business May 30, 2008.