Delve into the dynamic world of dividend investing with a tantalizing new addition to our Best Dividend Protection Stocks model portfolio. This well-covered, large-cap Integrated Utilities gem, boasting an impressive 12-year track record of dividend increases, stands tall among the top 10% of dividend stocks, with more growth expected on the horizon.
Marching to its own beat with a 0.58 beta, this stock’s monthly returns demonstrate low correlation to equity markets, promising a sprinkle of diversification to your equity portfolio. Despite trailing the S&P 500’s 12% returns with a humble 2% YTD return, it boldly outperforms the struggling Integrated Utilities industry, which lags at -7%.
The stock just went ex-dividend today (June 8), so you can expect an unchanged qualified payout of $0.570 per share on June 30.
Our recommendation process meticulously optimizes for Dividend Safety, Returns Risk and to a lesser extent, Yield Attractiveness and Returns Potential. Stay tuned for a deeper dive into this stock’s promising story.
