Risk-on sentiment in the financial markets has improved in recent weeks, but concerns about monetary policy and a weakening economy continue to drive investors to the safety of non-cyclical sectors. Utilities have been a prime benefactor of this trend, with blue-chip energy providers continuing to outperform relative to the S&P 500 benchmark index. Utilities that continue to generate positive revenue growth while delivering shareholder value have risen to the top of income investors’ watch list and our latest reaffirmation to the Best Utility Dividend Stocks List is no exception.
Our latest reaffirmation is a major utility provider serving millions of customers across the Southern and Midwestern United States. Its power generation facilities include biomass-fired, nuclear and hydroelectric sources, making it a truly integrated utility company. Our pick is also making inroads into renewable energy systems, which is a positive sign for thematic investors. Income investors will also be happy to know that our pick has increased its dividend payment for 10+ consecutive years. Shareholders can expect to receive their next ex-dividend payment on September 2 (estimated date).
You can check out the Best Utility Dividend Stocks List to explore all the stocks.
