It takes a strong business model to thrive in recessions. One of the best market sectors for high dividend yields and stable dividends (even during recessions) is the utility sector. Utility stocks provide electricity, gas and water that consumers and businesses need to perform basic functions. Customers might cut back in other areas, but are very likely to continue to pay their utility bills.
In addition, utility companies operate in a highly regulated industry and have to be approved for rate increases before they can charge customers more for services. The result is predictable earnings and dividends for many well-run utilities and utility stocks. Here are three utility stocks to buy for safe income: Consolidated Edison (NYSE:ED), Duke Energy (NYSE:DUK) and Southern Company (NYSE:SO).
Source: InvestorPlace
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