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Divdend Stocks: 3 Safe Bets and 3 Adventurous Plays

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Safe: Dominion Resources

dominion resourcesDividend Yield: 3.7%

Last week, Dominion Resources (NYSE:D) reported flat first-quarter earnings, largely on lower electricity demand, higher costs of restoring power after storm outages and a delayed opening of its new natural gas processing facility in West Virginia.

Nevertheless, Dominion is optimistic that its new focus on processing shale gas in its region — combined with its exit from coal processing — will give it a winning edge moving forward.

The stock is trading at all-time highs, and naturally is expensive on PEG and forward P/E fronts (2.49 and 17.2, respectively). However, Dominion has been increasing dividends for six years and has reliably paid out quarterly for decades.

Article printed from InvestorPlace Media,

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