Looking for a robust investment opportunity in the Utilities sector? Our latest reaffirmed pick delivers electricity and natural gas to over 3.8 million and 2.1 million customers across eight states, with a market cap of $30.2 billion. This powerhouse boasts a forward dividend yield of 3.95% and a commendable 21-year track record of consecutive dividend increases. An upcoming payout has been declared with an ex-dividend date of June 14, 2024, featuring a quarterly payout of $0.548.
Our comprehensive analysis reveals this stock’s impressive yield strength and robust dividend safety. With a yield ranking in the top 40% of dividend stocks and a solid payout ratio in line with industry standards, this pick offers a balance of income and reliability. Stay tuned for an in-depth review, exploring all aspects that make this stock a prime candidate for your dividend-focused portfolio. Our analysis aligns perfectly with your goals of achieving consistent, safe, and high-quality returns.
