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
Related Articles:
- How To Know When To Sell A Dividend Stock
- Your Greatest Wealth Building Asset
- 5 Dividend Stocks For The Ultimate In Deferred Gratification
- The Most Important Thing To Consider When Selecting A Dividend Stock
- 5 Healthcare Stocks With Growing Dividends Yielding In Excess of 2%
5 Utility Stocks for Conservative Investors
Posted by D4L | Sunday, October 06, 2019 | ArticleLinks | 0 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
~
Popular Posts Last 30 Days
-
The best dividend stock nobody is talking about is an undervalued, high-dividend chemical company poised to grow at an exponential rate. Wit...
-
If any investor has stood the test of time, it is Warren Buffett. For years, the “Oracle of Omaha” has had a rock-star-like presence in the ...
-
Last week, we found out that the consumer price index (CPI) went up by 8.3% in April, more than the 8.1% estimate. Meanwhile, the ongoing wa...
-
A full-blown recession, or the late-year rally in Wilson’s view – the natural move for investors will be toward defensive stocks, moves to p...
-
The Dividend Kings, which are those stocks with at least 50 years of dividend growth, is an excellent place to find high quality names. Ther...
-
If any investor has stood the test of time, it is Warren Buffett, and with good reason. For years, the “Oracle of Omaha” has had a rock-star...
-
When a retailer has a sale, it's often celebrated with banners, signs, and commercials telling customers not to miss out on the spectacu...
-
Mid-cap dividend stocks are the best bargain on the board right now. I love them because lame income investors don’t consider them. They fix...
-
When shares trade at a 40% discount to book value, they should have substantial flaws. This REIT isn’t perfect, but it deserves a higher rat...
-
5 big yields, all with upside. But I've got 1 more share to mention. With most of the earnings releases out, the charts are updated to s...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.