Dominion Energy (D) will raise its quarterly dividend by 10.6 percent to $0.8350 per share in the second quarter of 2018. Through two dividend hikes the company raised its dividend from $0.70 to $0.77 per share in 2017.

The next dividend is payable on June 20, 2018, to shareholders of record at the close of business June 1, 2018. The new dividend yield for D is 5.2% and 2018 marks the 15th consecutive year of dividend increases.

This is the 361st consecutive dividend that Dominion Energy or its predecessor company has paid holders of common stock. The company's last quarterly dividend was declared Jan. 26, 2018.

Dominion Energy, formerly Dominion Resources, Inc., is a provider of electricity, natural gas and related services to customers primarily in the eastern and Rocky Mountain regions of the United States. Dominion Energy’s portfolio of assets include electric transmission lines, electric distribution lines, natural gas transmission, gathering and storage pipelines and gas distribution pipelines. The company is headquartered in Richmond, Virginia and incorporated in Virginia in 1983.