Dominion Resources Inc. 2016 Series A 5.25% Enhanced Jr Subordinated Notes Due 2076

By: ,

Date Issued  7/12/2016

Shares Issued  32,000,000     Overallotment Shares   None

S&P Rating  BBB-    Moodys  Baa3

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Security Ticker Symbol   DRUA

Market Traded ON   NYSE

Interest Payment Paid on the 30th of January, April, July and October beginning on 10/30/2016

Quarterly Interest   .328   Annual Interest   1.313

Securities may be redeemed, at the issuers option, as early as 7/30/2021 for a redemption price of $25/share plus accrued interest

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Interest Payment Will NOT be Qualified Distributions.  Payments are interest (not dividends) thus they do not qualify for preferential tax rates.

Maturity Date   07/30/2076

NOTE-interest payments may be deferred for up to 10 consecutive years without it being a default

 

Company Investor Relations Page for Dominion Resources

Click here to find the offering Prospectus and/or final pricing documents

Tim McPartland

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Tim McPartland
Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
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