There are some utilities that are just massive – covering multiple states, millions of customers and plenty of generating assets. It’s these utilities that investors can find stability in payout and plenty of dividend opportunities. Our latest Best Utility Stocks Dividend List pick is one such firm. With its long operating history, mix of assets and broad customer base, our pick has been growing its dividend for nearly two decades!
Our pick is the largest utility in the Great Lake states, covering millions of customers. The key win for our pick was its recent buyout of a natural gas distributor and utility in the region. This gave our pick plenty of interstate lines, and additional sources of revenue for its size. This alone has continued to add benefits to its bottom line.
Better still has been our pick’s recent moves into green energy. As a traditional coal-heavy utility, our pick has expanded into wind energy and other co-generation assets. With higher rates and tax subsidies, our pick has been able to boost its cash flow and profits further.
In the end, our new pick offers plenty of traditional stability with a side of growth.
In order to make room for our new multi-utility pick, we’ve been forced to remove a natural gas-focused utility from the list.
You can check out the Best Utility Dividend Stocks List to explore all the stocks.
