Dominion Energy (D) will hike its quarterly dividend by 6 percent to 66.75 cents in 2022. This follows a cut in 2021 by the utility, ending 17 consecutive years of dividend increases.

The next D dividend is payable on March 20, 2022, to shareholders of record at the close of business March 4, 2022. A new annualized dividend rate of $2.67 per share yields 3.4% at a stock price of $79.

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. In January 2019, Dominion merged with SCANA Corporation, an energy company supplying electric power and natural gas to customers in the Carolinas and Georgia. The company is headquartered in Richmond, Virginia and incorporated in Virginia in 1983.