When it comes to finding ‘recession-proof’ stocks, few industries compare with utilities. That’s because, regardless of the business cycle, people still need to buy electricity and keep the lights on. As the global economy shows signs of slowing, defensive sectors such as utilities are getting more attention from investors. Utilities that also provide a solid, predictable dividend are more likely to draw interest from defensive portfolios.
Thanks to higher transmission margin, lower expenses, and steady demand across its geographical markets, our utility pick remains an attractive bet for income investors. Our pick serves millions of residential and commercial customers across the Midwest and has a diverse generation portfolio across two states. It’s also a component of the S&P 500 Index.
In terms of ex-dividend, investors can expect their next payment on Tuesday, September 6 (estimated date).
You can check out the Best Utility Dividend Stocks List to explore all the stocks.
