Regulators typically set customer rates for utilities to ensure investors recover a fair return on capital and allows the businesses keep their systems well maintained. This means utilities companies are among the most defensive investments with solid cash flows and high dividend payouts. These businesses, therefore, generate robust cash flows and payout high income to shareholders, making them valuable diversifiers during downturns. If you’re a buy-and-hold investor, these healthy dividend stocks in the utilities industry can generously contribute to your monthly portfolio income.
RGC Resources, Inc. (NASDAQ:RGCO) has a wholesome dividend yield of 2.58% and the company has a payout ratio of 70.41%. RGCO’s dividends have increased in the last 10 years, with DPS increasing from US$0.42 to US$0.62. Consolidated Water Co. Ltd. (NASDAQ:CWCO) has a solid dividend yield of 2.51% and distributes 75.30% of its earnings to shareholders as dividends. Artesian Resources Corporation (NASDAQ:ARTN.A) has a nice dividend yield of 2.57% and has a payout ratio of 60.82% . ARTN.A’s dividends have seen an increase over the past 10 years, with payments increasing from US$0.69 to US$0.94 in that time.
Source: Simply Wall St.
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