Dominion Resources raises dividend 8.1%

Dominion Resources Inc. D, -0.04% said on Thursday it raised its annual dividend by 8.1% to $2.80 a share, starting next year. The first new quarterly dividend of 70 cents a share, up from 64.75 cents a share, will be paid out in March. At the energy producer and transporter stock's current price, the new annual dividend would imply a dividend yield of 4.14%, compared with the S&P 500 dividend yield 2.16%, according to FactSet. "The expected dividend rate reflects our commitment to 8 percent annual increases through the end of the decade, and demonstrates confidence in our energy infrastructure growth plan," said Chief Executive Thomas Farrell. The stock, which was up less than 0.1% in afternoon trade, has dropped 12% year to date, while the S&P 500 has lost 0.4%.

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Natural-gas prices pare gains as U.S. supplies fall less than expected

Natural-gas futures pared some gains on Thursday after the U.S. Energy Information Administration reported that supplies of the commodity fell 34 billion cubic feet for the week ended Dec. 11. Analysts polled by Platts expected a decline of between 38 billion cubic feet and 42 billion cubic feet. Total stocks now stand at 3.846 trillion cubic feet, up 541 billion cubic feet from a year ago and 322 billion cubic feet above the five-year average, the government said. January natural gas NGF16, -1.37% was at $1.818 per million British thermal units, up 2.8 cents, or 1.4%. Prices traded $1.833


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Anadarko boosts output view, while cutting capex

Anadarko Petroleum Corp. raised its output guidance for the fourth quarter, saying that performance across its portfolio is exceeding expectations.The Houston-based oil-and-gas company lifted the midpoint of its oil sales-volume guidance by about 15,000 barrels a day, and, as a result, Anadarko raised its total fourth-quarter sales-volume guidance by 2 million barrels of oil equivalent to a range of 70 million to 72 million barrels of oil equivalent.

The company's core oil-producing areas in the Wattenberg field and the Delaware Basin are

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