Dividends4Life: Utility Stocks Yielding 4% With A Growing Dividend

Utility stocks have long had a reputation as a source of steady and predictable dividend income. Many retirees like to load up on utility stocks as a means of supplementing their retirement income and they can serve as a safe haven in times of rapid economic change. Seen primarily as a defensive investment, utilities struggled around the time of the financial crisis as well as during the Hurricane Sandy super storm. While the utility sector has struggled to revisit its all-time highs, the ongoing development of natural gas and nuclear power as reliable alternative energy sources continues to provide the backdrop for future growth in the sector.

You can find a number of utility stocks that currently yield 4% or more but finding ones that have a history of steadily raising the dividend narrows the list considerably. If you're looking to add a utility company to your portfolio, this list might be a good place to start: El Paso Pipeline (EPB), Suburban Propane (SPH), Southern Company (SO), Duke Energy (DUK), Consolidated Edison (ED), Brookfield Infrastructure Partners (BIP) and Northwest Natural Gas (NWN).

Source: Seeking Alpha

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