As of today, Dividend.com is adding an electric utilities company to the Best Dividend Stocks list. We are adding this stock to the list as all of the parameters we use to rate stocks, according to DARS, are scoring very high.
Our newest best dividend stock comes on the back of another stock that we added a few days ago, which was an advertising company.
The company had a horrible past – after being associated with a parent company that went bankrupt. However, since its IPO ten years ago, it has increased its dividend every single year and, given the healthy growth that analysts are projecting, we feel this is a dividend aristocrat in the making over the next fifteen years.
It has more than 800,000 customers, which are mostly residential, followed by commercial and then industrial. It supplies electricity to more than 50 cities.
To summarize, here are four points that make this company stand out:
- The next dividend aristocrat in the making.
- 12% earnings growth expected in 2017.
- Utilities viewed positively by the market when there is blood on the streets.
- The company delivers electricity through a network of wind, hydroelectric and natural gas generation plants, and is rolling out smart meters and IoT linkages.
Soft Removal of a Telecom Stock From the Best Dividend Stocks List
We are removing a telecom stock that we added back in late 2013 from the Best Dividend Stocks list. We continue to view this stock positively from a yield perspective and keep its rate at 3.5 – so it remains recommended.