When it comes to dividends, investors often turn to the utility sector. Thanks to their fixed costs and steady cash flows, the sector has long been able to support ample dividend payouts for their investors. This results in above-market-average yields. To that end, no dividend investor should be without them. Our latest pick for our Best Utility Sector Dividend Stocks List is a prime example of a turnaround play in process.
Our pick is one of the largest electricity firms in California. Thanks to the high regulatory environment in the state, our pick hasn’t always been one of the highest-growing utilities, with low base rates. It’s made up for that fact with a large overall population.
More recently, the firm has received good news from regulatory bodies and put behind some nasty lawsuits and fines. With this legal overhang gone, our pick can start growing again, investing in new renewable energy sources and providing plenty of growth for investors.
With a 4.3% yield and steady base of customers, our pick has plenty of stability and a touch of growth for your portfolio.
To make room for our latest pick, we had to take out another utility stock from our list.
You can check out the Best Utility Dividend Stocks List to explore all the stocks.
