Some business lines just go well together. Being able to cobble similar yet different businesses can lead to powerful cash flow and dividend growth – and that’s just the sort of thing our latest Best Dividend Growth Stocks Model pick has done for nearly two decades. Investors have profited too, with a decent 1.6% dividend yield. Investors can catch that opportunity when it goes ex-dividend on Wednesday, September 14, with a regular payout of $0.535 per share!
The secret is our pick’s focus and its position as a multi-utility player. The company’s wide umbrella includes assets in the distribution of natural gas to customers, the transmission of gas through interstate and regional pipelines, electricity transmission lines, electricity generation assets, compressed natural gas (CNG) solutions, propane and other related assets.
The combination of regulated and non-regulated assets under a variety of energy transmission avenues has worked well as overall demand has risen and global supplies remain constrained, resulting in plenty of cash flow and profit potential for our pick.
As such, investors have continued to profit with nearly two decades’ worth of dividend growth and strong price appreciation.
You can check out the Best Dividend Growth Stocks Model Portfolio to explore all the stocks.
