Best Dividend Stocks List Adds Even More Stability With 100+ Year Dividend-Paying Stock
Dividend.com added a natural gas and electric utility company to the Best Dividend Stocks list and removed a regional electric utility firm from this list.
Founded in 1882, our chosen firm was the first public utility holding company in the United States and it paid its first dividend just a few years later. Since that time, the company has expanded rapidly to become one of the largest utilities serving the Eastern seaboard of the United States, as well as having operations in the United Kingdom, France and other European nations. This vast regional monopoly of distribution and power assets in a key geographical area of the country has allowed our pick to build a strong history of cash flows and profits.
However, our pick isn’t just about providing electrical and gas service, it’s also the nation’s largest distributor of liquefied propane gas (LPG) and has a huge midstream portfolio of assets including pipelines, terminals and liquefaction facilities. These assets provide plenty of growth for the underlying firm.
With its combination of traditional utility assets and faster moving businesses, our pick has the goods to keep its pace of dividend increases going over the long haul. For this reason, it deserves a spot on our Best Dividend Stocks list.
To summarize, here are five reasons why you should own this stock:
- It has paid common dividends for 130 consecutive years and has 27 years of consecutive dividend increases.
- A vast regional monopoly in a highly populated area of the country.
- Uses its master limited partnership (MLP) subsidiaries effectively to minimize taxes and boost its own cash flows.
- It’s becoming increasingly global in its operations.
- A low payout ratio of less than 40% and a growing yield of 1.91%.
| Stock Symbol | Unlock | | Price Recommended | Unlock |
| Company Name | Unlock | | Date Recommended | 02/15/2017 |
| DARS Rating | 3.9 | | Ex-Div Date | Unlock |
| Current Yield | 1.91% | | Pay Date | Unlock |
All data in table above updated as of 04/05/2017 UPGRADE TO UNLOCK THIS STOCK!
MORE ABOUT THIS STOCK
Trailing 5-Year Dividend Payout History
- Annualized Growth Over The Last 5 Years: 6.5%.
As a dividend investor, you need access to the best and safest stocks on the market. Dividend.com’s DARS ratings have been providing you with reliable and profitable stock analysis since 2008, and this addition is no exception. UPGRADE TO UNLOCK THIS STOCK!
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