When it is done right, the utility sector is as exciting as watching paint dry. The steady cash flow from stable demand fuels the sector’s high dividends. Rinse and repeat. And that’s just what our latest Best Utility Dividend Stocks List pick has been doing since its founding in the 1920s, with nearly a decade’s worth of steady dividend increases!
You can check out the Best Consumer Discretionary Dividend Stocks List to explore all the stocks.
Our pick is a large regional power producer with assets in the Deep South of the United States. With virtual monopolies in Arkansas, Louisiana, Mississippi and parts of Texas, our pick has continued to see steady cash flow from its portfolio of regulated utility assets. The best part is that these areas of the country remain very utility-friendly.
But our pick has seen growth as well.
As one of the largest operators of nuclear generation in the country, our pick’s plants have recently gotten the attention of legislators. Thanks to nuclear carbon-free generation, the old school method of power production is starting to get the nod from the public and investors.
All in all, our pick offers the stability and growth potential that investors should crave in a utility stock.
In order to make room for our latest regional power generator, we’ve been forced to remove a green-powered partnership from the list.
