Dominion Energy (D) will raise its quarterly dividend by 9.9 percent to $0.9175 per share in 2019. This is the company's second dividend hike announced this year.

The first quarterly dividend of 91.75 cents per share will be payable in March 2019. The expected 2019 dividend increase would mark the 16th consecutive year in which the annual dividend rate rose from the previous year's rate.

A new annualized dividend rate of $3.67 per share yields 4.3% at a stock price of $76.92.

Dominion Energy 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.