When it comes to dividend yields, utility providers are among the cream of the crop. Add the prospect of a global recession and a bear market in equities and you have a perfect combination of demand drivers for utility stocks. Our latest utility pick is a natural gas distributor with a 35-year track record of dividend increases. Investors have until Wednesday, September 14 to add our pick to their portfolios to reap the benefits of the next regularly quarterly dividend of $0.36 per share.
Thanks to consistent dividend increases, strong customer growth, and outperformance in its natural gas midstream network, our pick is an ideal candidate for long-term investors. While our pick isn’t in the S&P 500, it owns a collection of businesses at the intersection of natural gas and electric utilities, making its products indispensable in today’s economy.
To make room for our latest natural gas distributor pick, we’ve been forced to remove a gas and electric utility holding company.
You can check out the Best Utility Dividend Stocks List to explore all the stocks.
