Business Magazine

Dominion Resources, Inc. - D

Posted on the 04 April 2012 by Divstkforcomman @DivStkForComMan
Dominion Resources, Inc., stock ticker D, pays a healthy 53 cent quarterly dividend, which is currently a 4.09% dividend yield. Since February 23rd, 1987 Dominion has paid their dividend which makes them a magnificent addition to your long-term retirement stock portfolio.
Simply put, D is a producer and transporter of energy. Their portfolio of assets includes approximately 28,142 megawatts of generating capacity, 6,300 miles of electric transmission lines, 56,800 miles of electric distribution lines, 11,000 miles of natural gas transmission, gathering and storage pipeline and 21,800 miles of gas distribution pipeline. D operates their natural gas storage system, with approximately 947 billion cubic feet of storage capacity and serves six million utility and retail energy customers in 15 states.
D operates in three business segments: Dominion Virginia Power (DVP), Dominion Generation and Dominion Energy. Dominion’s operations are conducted through various subsidiaries, including Virginia Electric and Power Company (Virginia Power).
Here are some of D's statistics as of April 4th, 2012:
Range51.25 - 51.87
52 week43.27 - 53.68
Vol / Avg.2.12M/2.77M
Mkt cap$29.44B
Inst. own57%
D is the supreme utility stock with a hefty dividend. Extremely well managed company with a solid record of slow but steady growth. D will gain a lot of momentum when economy picks up again. If cap and tax passes it will allow D to flourish as any increased costs will be passed on to consumers. Demand will not be slowing any time soon, even if the economy tanks. D is a solid play for the next 30-50 years. They will benefit of lower coal prices.
Click here to visit Dominion Resources's homepage, as well as here to visit their Investor Relations webpage. Additionally, feel free to watch these handpicked YouTube videos below which will give you a front row seat to all that is D! Put some money into this winner and thank me later. Let those dividends compound into a stream of wealth and safety. Keep saving as much money as you can, for you will be one step closer to living the life of a king.

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