The utility sector has proven extremely valuable for income investors thanks to attractive yields and reliable business models. In most cases, utility providers enjoy steady demand for their services regardless of the economic cycle because customers always need electricity, gas and water. The latest addition to the Best Utility Dividend Stocks List is a residential energy provider with 15+ years of dividend growth. Its dividends, paid quarterly, have provided a dependable source of revenue for investors.
Thanks to massive upgrades to its electric distribution and transmission infrastructure, as well as a growing shift toward renewable energy, our pick provides a mix of dependable business and future growth opportunities. With a dividend yield of nearly 3%, our pick has a smaller yield than the utilities sector average. However, what it lacks in overall Yield Attractiveness it makes up in expected Earnings Growth, Dividend Streak and limited return risk.
You can check out the Best Utility Dividend Stocks List to explore all the stocks.
