Dividend utility stocks might seem bad for your portfolio during high inflation and rising interest rates. However, the sector has done well since the start of the year. The Utilities Select Sector SPDR Fund (NYSEARCA:XLU) is up 6% in the year thus far. There are a lot of companies in the utility industry that offer great operating models and excellent payouts. The benefits of investing in dividend utility stocks include: A consistent stream of income, Low volatility and High liquidity. Here are seven companies in the utility space offering excellent dividends and strong operating models to cover them...
Crude oil is a key raw material for the CenterPoint Energy (NYSE:CNP), and its prices are on the rise. This is good news for the company because they’ve had a few recent setbacks. NextEra Energy (NYSE:NEE), one of the largest utility companies in North America, has made significant progress this year. DTE Energy (NYSE:DTE) has been consistently growing in recent years, which means dividends are highly safe and have a high margin. In 2035, WEC Energy Group (NYSE:WEC) is planning to eliminate the use of coal in its energy mix and focus on the growing renewables space. Edison International (NYSE:EIX) is the company is fully committed to becoming carbon-neutral and is working with local and state authorities to reach this goal. Entergy Corporation (NYSE:ETR) serves customers in four different states. More recently, they have been putting more concentration on the solar energy industry presence and development in their business than on coal power for now. Duke Energy Corp (NYSE:DUK) has announced a capital spending program that includes new projects and larger amounts of maintenance. The bulk of the plan will be dedicated to zero-carbon generation and grid modernization.
Source: InvestorPlace
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