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Author: JohnEBgood Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 175  
Subject: Re: Dominion Dealings Date: 7/9/2009 3:28 PM
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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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