There are utilities and then there are Utilities. A few firms in the sector have risen to the size of giants, with a huge size and scope that provides enviable cash flows, millions of customers, and a wide variety of businesses. This includes our latest Best Utility Dividend Stocks List pick, which since being added to our list back in November 19, 2021 has managed to provide investors with a strong 13% price return, not to mention a strong 3.8% dividend yield.
The key to our pick’s power lies within its multiutility operating model. With assets spanning power generation, natural gas distribution, wholesale energy, and a variety of transmission businesses, our pick has a massive scope across all 50 states. This fact has allowed our pick to be a dividend champion for more than two decades, raising its payout steadily over that time.
Better still remains our pick’s focus on the future. As a larger operator of nuclear plants as well as wind/solar farms, our pick is set to make the most of the world’s low-carbon and green transformation. This will provide plenty of cash flows down the road.
For investors looking for a strong and stable yield, our pick remains a top choice for any portfolio.
You can check out the Best Utility Dividend Stocks List to explore all the stocks.
