Near a 52-Week Low, This Dividend Stock Is Worth Buying in December and Holding Well Beyond 2024

Dominion Energy (NYSE: D) is up 24.1% from its 52-week low -- which sounds like a lot until you realize the stock is still down 17.9% over the last year and 36.8% over the last five years compared to impressive gains in the S 500.

Still, the comeback is a big move in a short period of time from a stodgy, reliable, dividend-paying utility. But Dominion has been anything but that -- cutting its dividend in late 2020 and only slightly raising it since then.

So how could a company that has disappointed investors through capital losses and lower dividend income be a good investment? The answer lies not in where Dominion Energy has been but in where it is going. Here's why the future looks promising for this utility stock.

Source Fool.com