Here’s a sobering statistic from the Energy Information Administration (EIA) – total U.S. electricity consumption in 2020 was about 3.8 trillion kWh. That’s about 13x greater than total electricity use in 1950 – and it’s only growing. As technology usage increases, electricity demand is set to skyrocket over the next few years. This rising demand is just one of the reasons why our last pick is perfect for our Best Dividend Capture Stocks List
Our pick is one of the largest utilities in the nation, with assets across 13 states and more than 7 million customers. Like most utilities, its huge base of customers and steadily rising demand continue to provide our pick with stable cash flows and profits. But our pick isn’t boring in the slightest. It’s a major winner in the transformation towards renewable energy assets. Our pick continues to add solar, offshore wind, and even hydrogen assets to its generation mix. Thanks to a positive regulatory and subsidy environment, these assets feature higher rates and they’ll only boost our pick’s results further.
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 Thursday, March 3, our pick is primed for the strategy, as is evident from its historical track record of a recovery period within an average of 4.5 days after going ex-dividend.
For investors looking for a quick total return of income and capital appreciation, our latest utility pick has the potential to give you what you need.
You can check out the Best Dividend Capture Stocks List to explore all the stocks.
