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JNJ - Buy Dominion Energy A Dividend Growth Utility Business For Income
Johnson & Johnson
Dominion Energy (D), one of the largest diversified utilities of electricity and gas, is a buy for the conservative dividend growth investor. Dominion Energy has recent steady growth and has cash, which it uses to buy bolt-on companies and increase the dividend each year. Even with an earnings beat in the last quarter, Mr. Market was neutral. I think this is an opportunity to buy a great defensive company if you do not have a position in the company. Dominion Energy is being considered for incorporation in The Good Business Portfolio, my IRA