Name: Andrea

Question:

Many people are worried that Dominion Resources is going under and the shares are worthless. What's your opinion. Do you think uititlies companies have seen their best days????????

Hello Andrea,
 
Thanks for the question.  I don't think any of the utilities will be allowed to "go under".  The government is changing the rules all the time and could easily step in for another "bailout" if this were the case.  That being said, Dominion Resources (D) announced that they are not cutting their quarterly dividend which is extremely positive news.  If the 5.5 percent dividend stays in tact then this is a stock to own for the long term.  They are very diversified, generating electricity through coal, nuclear, gas, and oil resources.  And we all need energy, more and more of it all the time with the increasing population.  The Obama administration might cause a few hiccups along the way, but Dominion is a stock to own in my book.  Get in on the dips and if you're in before the ex-dividend date of May 29 then you'll get the quarterly div. payment.