Natural gas remains the fuel choice du jour for utilities and power producers. As such, stocks within the sector have seen their stars shine as demand has risen and supplies have been constrained, making them perfect for income seekers. This includes our latest pick for the Best Dividend Capture Stocks List before it goes ex-dividend on Friday, August 19!
Our pick is one of the largest pure-play natural gas utilities and distributors in the nation. With over 3 million customers and some of the largest interstate pipelines under its umbrella, our pick has a long history of steady cash flows and dividend payments to its shareholders. We’re talking nearly 4 decades’ worth of consecutive increases
Because of this, our pick is also a great dividend capture play. A dividend capture strategy involves buying a stock before its ex-dividend date and then selling it after it has recovered the payout. With an ex-dividend date of Friday, August 19, our pick, currently yielding 2.35%, is primed for the strategy, as is evident from its historical track record of a recovery within an average of 5.5 days after going ex-dividend.
For investors looking for a quick total return of income and capital appreciation, our latest natural gas utility pick could be a lucrative option.
You can check out the Best Dividend Capture Stocks List to explore all the stocks.
