Equity Oil Co. declared an increase in the regular semi-annual dividend from 5 cents per share to 10 cents per share, payable April 1 to shareholders of record March 8.

"The continuation of the dividend payment and the twofold increase is a reflection of our strong cash position and our confidence in the future outlook for the company," said Fred H. Evans, president.Equity Oil Company, headquartered in Salt Lake City, is an independent oil and gas exploration and development company with operations in nine Western states and Canada.