Utility stocks — the traditionally boring and staid sector got a rude awaking this past year in the form of the Federal Reserve. Investors both large and small began fleeing the sector in fear of rising interest rates. Conventional wisdom is that utility stocks are D.O.A as the Fed begins ratcheting up interest rates. For starters, their own borrowing costs will go up. After all, it takes a lot of debt to build-out a new natural gas plant or water line.
You may want to go against conventional wisdom and consider utility stocks for your portfolio while the sector is dirt cheap — the XLU can be had for price-earnings of only 13. With that in mind, here are three utility stocks to buy today: ITC Holdings (ITC) Dividend Yield: 1.9%, NextEra Energy (NEE) Dividend Yield: 2.96% and Consolidated Edison (ED) Dividend Yield: 4.04%.
Source: InvestorPlace
Related Articles:
- Free Cash Flow Payout vs. Dividend Payout
- 8 Dividend Stocks With The Right Stuff
- 6 Dividend Stocks Trading at a Double-Digit Discount
- 5 Best U.S. Dividend Growth Stocks
- 5 Low P/E Value-Stocks, Yielding 2% Or Higher
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
Many investors search for safe, dividend-paying stocks. As John D. Rockefeller once said: "Do you know the only thing that gives me ple...
-
With interest rates near zero, many investors are turning to dividend stocks for income. And for some investors, the higher the yield, the b...
-
Utility stocks have been relatively volatile in the recent past. However, most utility stocks have a low beta and have a stable cash flow vi...
-
The rollout of fifth-generation network services, also known as 5G, enhances the appeal of each of these three dividend-paying, 5G technolog...
-
Dividend stocks have fallen out of fashion during the pandemic. With interest rates at rock-bottom levels, investors have fled from assets l...
-
Before you go ahead and fill your portfolio with dividend stocks, it would be prudent to check out their market capitalizations as well. Sev...
-
With interest rates stuck below 1%, finding income in today's market can be difficult. Therefore it makes sense for income investors to ...
-
This company yields 12.96%. Management already declared the regular and special September dividends. Its portfolio companies are holding up ...
-
The two dividend-paying technology stocks to consider boosted sales significantly, according to their latest quarterly financial reports, ev...
-
These stocks have superior fundamentals that make dividend growth a quality and promising investment for the long term. These include a sust...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.