Thanks to rising demand and supply issues, energy has become the investment du jour for many portfolios. This need has produced ample returns for portfolios, and our latest Best Utility Dividend Stocks List pick is a prime example. Since being added to our list back on November 19, 2021, our pick provided investors with a strong 20.7% price return! Not to mention a strong 3.1% dividend yield.
Our pick has dubbed itself as “energy infrastructure company.” This focus on owning distribution and generation assets across both electricity and natural gas sectors has suited it well. With nearly 48 million customers with utility services in two of the largest states, our pick has had a long history of rising cash flows and dividends. In fact, our pick has managed to raise its payout for more than 10 years straight.
However, there’s plenty of growth to be had. Our pick is one of the leaders in the growing LNG market that has continued to expand into the area – signing up plenty of European customers craving natural gas. With growth assured as the world grapples with constrained supplies, our pick has a long runway for growth. For investors, that means plenty of dividend potential as well.
All in all, our latest pick remains a top choice for investors looking for growth and income potential in their utility portfolio.
You can check out the Best Utility Dividend Stocks List to explore all the stocks.
