The hallmarks of a great utility are a strong customer base, diversification among assets and a variety of non-regulated businesses. It’s this combination that can provide years’ worth of dividend growth as well as stability. Our latest Best Utility Dividend Stocks List pick has all of these in spades.
Our pick is one of the largest utilities in the nation, serving over 9 million customers in key, fast-moving economic regions around the country. A major transition a few years ago transformed the firm from a straight power into being a multi-utility with gas distribution assets under its umbrella as well. This combo has helped the firm return to its former glory days and boosted its dividend for more than 2 decades.
Meanwhile, a hefty dose of renewable energy via solar and wind capacity, as well as grid upgrades, is providing the next leg of growth for the firm. What investors get is stability as well as plenty of future potential. Investors should watch for the stock when it goes ex-dividend next on Tuesday, August 23 (estimated date).
You can check out the Best Utility Dividend Stocks List to explore all the stocks.
