It’s no secret that the demand for natural gas is on the rise. With the economy starting to heat up and global supplies contracting due to the Russian energy crisis, natural gas is hot, hot, hot! For stocks in the sector, it’s been a boon – and that includes our latest pick for the Best Dividend Capture Stocks List.
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 four 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, May 20, our pick is primed for the strategy, as is evident from its historical track record of a recovery period within an average of 6.2 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.
