Not all utility stocks are cut from the same cloth. There have been some dividend blow-ups in the sector, as a few have become over-leveraged and focused on the wrong operating areas. That means investors must choose to buy utility stocks with long dividend histories — through thick and thin — to get the perceived safety of the sector. With that in mind, here are three utility stocks with years of dividend growth behind them.
When it comes to utility stocks, the sector owes a few thanks to UGI Corporation (NYSE:UGI). The firm was the first to adopt the now commonplace utility holding company model. A huge operating base means plenty of customers paying for service and that results in a stable base of cash for dividends to be paid out from. That is exactly what mega-utility American Electric Power (NYSE:AEP) does in spades. Many of the top water utility stocks have been paying dividends since the 1800’s. This includes American Water Works Company (NYSE:AWK).
Source: InvestorPlace
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