It has been a challenging year for growth stocks. For income investors, the great deleveraging of the past 15 months has prompted a back-to-basics approach to investing. Companies with a proven track record in providing essential services tend to perform better in this environment. Nowhere is this more evident than in the utility sector. Regardless of how the economy is doing, people still need to keep the lights on. Our latest reaffirmation in the Best Utility Dividend Stocks list is an electric power distributor with a solid record of dividend growth. Investors have until March 30 to capitalize on the strategy to earn their next payout of $0.73 a share.
You can check out the Best Utility Dividend Stocks List to explore all the stocks.
Our pick is one of America’s largest electric utility providers. Its business model has been relatively unaffected by recessionary forces and its strategic investments in clean energy should provide solid growth opportunities for the future.
