The market for renewable energy has a bright future, but that doesn’t always translate into meaningful investment opportunities in the present. As it turns out, established utility companies that provide access to clean energy offer some of the best risk-reward outcomes for investors looking for exposure to the sector. Our latest addition to the Best Utility Dividend Stocks List is a subsidiary of a large electric power company and has already secured millions of accounts in the state of Florida.
Thanks to strong quarterly earnings, improved fiscal guidance and growing political pressure for the United States to become more energy independent, our pick offers a compelling opportunity for income investors. Our pick has grown its dividend each year it has existed and pays a competitive yield compared to other utility providers.
To make room for our latest pick, we’ve cut losses and removed a West Coast-based public utility firm from the list.
You can check out the Best Utility Dividend Stocks List to explore all the stocks.
