Dividends4Life: Dividend-Paying Utility Stocks In Solid Uptrends

The stocks of some old, boring, highly-regulated companies — paying regular quarterly dividends — are trending upward in price. They’re called utilities and last week they swamped the list of stocks making new 52-week highs. Broadly speaking, they tend to follow the bond market since their dividends yields are often similar to government yields. They’re considered riskier than the Treasury stuff, so you get a slightly higher payment.

So, if you owned any of these, you’d want to keep on eye on the bond market. Or vice versa. Here are 3 ancient, well known utilities that hit new highs last week: Duke Energy Corporation (NYSE:DUK) That’s a 4% dividend, higher than the 30-year bond offered by Uncle Sam. Xcel Energy (NYSE:XEL) They provide electricity and gas to 8 Western and Midwestern states. PPL Corporation (NYSE:PPL) They’re paying a 4.4% dividend. Their operations include Kentucky Utilities and Louisville Gas & Electric.

Source: Forbes

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