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Dominion News Releases

October 15, 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 quarterly dividend of 64.5 cents per share of common stock. Dividends are payable December 20 to holders of record at the close of business November 26. 

This is the 287th 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 July 12, 1999.

The board of directors of Virginia Power, Dominion Resources’ principal subsidiary, also declared regular quarterly dividends on each of its series of preferred stock. Preferred dividends are payable December 20 to holders of record at the close of business November 26.

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