They say, “if you can make it in New York, you can make it anywhere.” Well, our Best Utility Dividend Stocks List pick has been making it in NYC for nearly 200 years. And it’s been providing dividends for investors for most of that time too.
Our pick is the main utility for the city and surrounding areas. This is a good place to be as the region features one of the most active and vibrant economies on the planet. This provides our pick with plenty of stable cash flows and revenues. Revenues that help pad its 3.4% dividend. The stock will go ex-dividend on February 15.
But our pick isn’t just a one-trick pony. There’s growth as well. Our pick is seeing growth from its new renewable portfolio. Meanwhile, its other assets – like steam and chilled water pipes – are expected to get an upgrade from the new Federal infrastructure plans.
With the right blend of stability and growth, our pick is a perfect example of what a utility stock can be.
You can check out the Best Utility Dividend Stocks List to explore all the stocks.
