Regional Utilities Company Powers Its Way Back Onto Best Dividend Stocks List Dividend.com re-added a regional utility to the Best Dividend Stocks list and removed an industrial supply firm from the list. Since achieving a DARS score of 3.9, our chosen utility managed to return more than 12%. The stock was only removed due to a market-cap tiebreaker – and thanks to the rules, it’s now back on the list. And it’s easy to see why. Our pick has a virtual monopoly on its operating region, which has seen strong economic and population growth over the last few decades. This steadily rising demand for power has helped to power (no pun intended) dividends for our utility’s common stock every quarter since 1943. But it’s not just rising economic conditions that have helped our utility. The combination of a friendly regulatory environment and the unique nature of its generation assets has continued to make a strong impression on investors and generate significant free cash flows and profits. For this reason, we have once again been able to make the stock a candidate for our Best Dividend Stocks list. 5 Reasons Why You Should Own This Stock: - Operating monopoly in one of the fastest-growing states in the mid-west.
- Has paid a dividend every quarter since 1943 and has grown that payout 83% over the last decade.
- Mega-winner from the shift to renewable energy generation.
- Has plenty of non-regulated, on-utility businesses to add extra profit boosts.
- Healthy payout ratio of 54% and a growing yield of 2.60%.
| Stock Symbol | Unlock | | Price Recommended | Unlock | | Company Name | Unlock | | Date Recommended | 05/09/2017 | | DARS Rating | 3.9 | | Ex-Div Date | Unlock | | Current Yield | 2.64% | | Pay Date | Unlock | All data in table above updated as of 05/10/2017. UPGRADE TO UNLOCK THIS STOCK! MORE ABOUT THIS STOCK Trailing 5-Year Dividend Payout History - Annualized Growth Over Last 5 Years: 11.6%.
As a dividend investor, you need access to the best and safest stocks in 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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