It’s all about the operating area when it comes to utilities. Those firms that operate in strong, growing areas of the nation have plenty of potential to see their cash flows grow on top of the stability of being a utility – and that’s just what our latest Best Utility Dividend list pick has been able to do. It provides a growing 3.3% yield that investors can catch when the stock goes ex-dividend on Friday, September 23 with a regular payout of $0.45/share!
Our pick’s main power generating area is one of the fastest-growing places in the country for technology and healthcare firms. This has led to plenty of steady demand as well as plenty of growth potential to our pick’s bottom line. And with the region’s population continuing to grow, it’s adding plenty of new customers to its base. An added bonus has been its addition of new renewable energy assets. With a green and friendly regulatory environment, it’s been able to feast on rate hikes and tax benefits from these assets.
The end result is our pick remains a top growth utility with a hefty side of income.
In order to make room for our regional power producer, we’ve been forced to remove an infrastructure stock from our list.
You can check out the Best Utility Dividend Stocks List to explore all the stocks.
