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Nearly 20-Year-Increasing Electric Utility Reaffirmed in Best Utility Dividend Stocks List

The utility sector has offered investors temporary reprieve against extreme market volatility this year. So far in 2022, the S&P 500’s utilities index has gained nearly 3% through May 25 versus a 16.5% decline for the broader large-cap index. Public utility companies are in a position to continue outperforming as the Federal Reserve combats inflation by raising interest rates and reducing quantitative easing.

Our latest reaffirmation is an electric utility company that offers a slightly higher dividend yield than the broader industry average. Strong earnings growth and favorable guidance should give investors confidence that the stock’s nearly 20-year history of dividend increases will continue for the foreseeable future. The stock’s next ex-dividend date is estimated to be Friday, July 15.

You can check out the Best Utility Dividend Stocks List to explore all the stocks.

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