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Stocks D / Dominion Resources
|Subject: Re: Dominion Dealings||Date: 7/9/2009 3:28 PM|
|Author: JohnEBgood||Number: 173 of 175|
I just happened to read the S&P Analyst's Report on D.
They say that the proceeds from the sale of the PA and WVA utilities will used to "reduce debt". S&P rates D a "STRONG BUY" and they expect a substantial increase in the dividend in 2010.
I'm considering adding some shares of D to my portfolio. I'm no expert on utilities, but the S&P report is very favorable. The consensus of other analysts is in the "hold" range.
I'm looking for a very conservative investment in this case. With a
beta of 0.5, D should move slowly compared to the S&P 500. And with a current dividend of 5.37%, investors get a much better yield than that of money market funds (currently ~ 0.5%)
I'd appreciate any feedback.
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