In June 8th's "2 Billionaires Have this 4.1% REIT In Their Portfolios" we learned that two of the world's richest men, George Soros and Bill Gates, both owned shares of Crown Castle International (CCI).
Today, we analyze an even higher-yielding investment made by Mr. Soros that investors should strongly consider: Dominion Energy (D).
Electricity utilities have long been favorites of dividend investors. The reasons for this are simple. In exchange for putting up the capital to provide power to thousands of households, regulators guarantee them a reasonable rate of return - predictable profits that can be paid out in the form dividends.
The situation has worked well - imagine a world where you walk into your home after a long day. The only thing on your mind is a hot meal and a cold drink. You reach to switch on the light switch, flip your index finger, and then nothing. A trivial event you rarely think twice about has now turned your whole evening upside down.
