11 Consecutive Years of Dividend Growth and Payouts for Electric Utilities Best Dividend Stock
We have added a regional utility company to the Best Dividend Stocks List and removed a consumer food & beverage firm from the list. Once part of the largest financial scandals in all of history, our regional utility pick has spent the last ten years since its IPO dominating the marketplace, removing the ghosts of its past and becoming a dividend stalwart.
Part of that domination is thanks to its monopoly in its core-operating area. As the top utility in one of the fastest-growing and most prosperous sections in the United States, our chosen utility has continued to see rising cash flows and earnings as demand increases exponentially. And with this region in the country only seeing increased high-tech business and population growth, our chosen pick should have no problem powering its future.
And speaking of its future, our pick is forward thinking in another way – namely alternative energy. Thanks to its high-margined portfolio of renewable energy assets, our regional utility pick has been able to juice its earnings and dividend payments even further.
To summarize, here are five reasons why you should own this stock:
- Has increased its dividend by over 51% since its IPO in 2006.
- Has residential, commercial and industrial customers in 51 cities and seven counties.
- Extensive portfolio of solar, wind and hydroelectric assets.
- Operates in a friendly regulatory environment with the last increase of 5.6% to consumer electricity prices for 2018.
- Low utility sector payout ratio of 60% and a healthy yield of 2.88%.
| Stock Symbol | Unlock | | Price Recommended | Unlock |
| Company Name | Unlock | | Date Recommended | 09/06/2017 |
| DARS Rating | 3.9 | | Ex-Div Date | Unlock |
| Current Yield | 2.88% | | Pay Date | Unlock |
All data in table above updated as of 09/06/2017 UPGRADE TO UNLOCK THIS STOCK!
MORE ABOUT THIS STOCK
Trailing 5-Year Dividend Payout History
- Annualized Growth Over The Last 5 Years: 3.4%.
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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