Our minds think alike. With CD rates so low obviously many people are looking for yield at least to replace the CDs that came due in 2009 or shortly will. PGF in part was a yield play. I have a good stake in Dominion resources and have had it for 30 years. I like D because its area of coverage is fairly wide (more than just Virginia), it has nuclear exposure, gas pipelines, and is setting up some solar subsidaries.
I have been looking at Con ED (ED) nice 5% plus div but putting my apples in NYC makes me uneasy. Rather I have been looking and probably will put some ash in XLU which is a Utility SPDR ETF containing approx 30 utiltiy and gas companies paying about 4.1% dividend. Its a little over bought right now and would like to get in under 30. I would just rather spread the risk and play on an ETF such as LXU rather than trying ot analyze individual issues
Got to run!!
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