Utilities are one of the sectors that just screams dividends. Thanks to their fixed costs and steady cash flows, the sector has long been able to support ample dividend payouts for their investors, resulting in above-market-average yields. Our latest pick in our Best Utility Dividend Stocks List fits this definition to a “T.”
Our selection is one of the elder statesmen of the sector and has been a utility portfolio staple for decades. Featuring a wide asset base of electricity generation and natural gas distribution, our pick continues to power America’s homes and businesses. It has also powered investors’ portfolios for decades as well. The firm has managed to grow its dividend for the last 15+ years straight and currently yields more than 3%.
But there’s plenty of growth to be had as well.
Our pick is starting to green up its portfolio by adding tons of renewable energy assets to its mix. This includes more than 8,000 MW worth of solar, wind and other cogeneration assets in its portfolio. The pick also continues to invest in its own energy storage and microgrid projects as well. This will give investors a long runway for future dividends and growth.
You can check out the Best Utility Dividend Stocks List to explore all the stocks.
