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Dominion News Releases

July 12, 1999

Dominion Resources Declares Quarterly Dividend of 64.5 Cents Per Share

RICHMOND, Va. -- The board of directors of Dominion Resources Inc. (NYSE: D) today declared a dividend of 64.5 cents per share of common stock. Dividends are payable September 20 to holders of record at the close of business on August 27.

This is the 286th consecutive dividend that Dominion Resources or its predecessor company has paid holders of common stock and represents more than 74 consecutive years of dividends paid. Dominion Resources’ last quarterly dividend was declared April 16, 1999.

The board of directors of Virginia Power, Dominion Resources’ principal subsidiary, also declared regular quarterly dividends on each series of preferred stock. Preferred dividends are payable September 20 to holders of record at the close of business on August 27.


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