Dividends4Life: 5 Utility Stocks for Conservative Investors

5 Utility Stocks for Conservative Investors

Posted by D4L | Sunday, October 06, 2019 | | 0 comments »

Utility stocks feature plenty of steady cash flows and high dividends. It doesn’t matter so much what the economy is doing as people still need to heat their homes, keep the water flowing, and power the lights. This steadfastness makes utility stocks a prime choice for conservative investors. And now with the Fed decreasing rates, other investors tend to like them too. No wonder why the sector proxy — the Utilities Select Sector SPDR ETF (NYSEArca:XLU) — has gained over 21% year-to-date. That’s before dividends. As you can see, there is power in owning the power producers. For conservative investors, the sector’s strength and boring nature really do pay plenty of benefits in a market like this. With that, here are five utility stocks worth buying today.

For conservative investors looking at utility stocks, they should focus on the number 33. That’s the number of consecutive years that utility UGI (NYSE:UGI) has managed to increase its dividend for. If you had to guess what stock has been paying dividends the longest, the title goes to a small and overlooked utility stock that may just be perfect for conservative investors. We’re talking about humble York Water (NASDAQ:YORW). No list of stodgy utility stocks can be complete with Consolidated Edison (NYSE:ED). Speaking of renewable energy, no utility stock is better at it than NextEra Energy (NYSE:NEE).Surely, you could go with the previously mentioned XLU — and it’s a fine choice. But the Vanguard Utilities ETF (NYSEArca:VPU) might be a better pick.

Source: InvestorPlace

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