When the economy takes a turn for the worse, investors look to a small handful of sectors to keep their portfolios afloat. Utilities is one such sector because, no matter how bad things get, people still need electricity, water and heat. The latest addition to our Best Utilities Dividend Stocks List is one of America’s largest electricity producers. A solid track record of dividend payouts and strong fundamentals are both positive catalysts for its inclusion to our list.
Thanks to its growing focus on the regulated generation business, investment in several renewable energy projects and a massive network of subsidiaries serving millions of customers, our pick is a welcome addition to income investors’ portfolios. While our pick doesn’t pay the most competitive dividend, it scores favorably for several dividend safety metrics.
To make room for our pick, we’ve been forced to remove an electric power distribution company from the list.
You can check out the Best Utility Dividend Stocks List to explore all the stocks.
