Energy demand continues to surge, while investors have sought safety in the market malaise. This has made the broader utility sector one of the top draws for portfolios. And our latest Best Dividend Capture Stocks List pick has been one such recipient of investor love!
Our pick is a utility holding company operating in the fast-growing Southwest. While small in stature and operating area, it sums up what utility investing is all about – stable cash flows and revenues. Thanks to its stability and strong demand for power, our pick has been able to grow its dividends for over a decade straight. Add in the fact that its operating area features plenty of economic growth and you have a recipe for success.
The end result is that our pick is also a great dividend capture play. A dividend capture strategy involves buying a stock before its ex-dividend date and then selling it after it has recovered the payout. With an ex-dividend date of Wednesday, October 26, our pick is primed for the strategy, as is evident from its historical track record of a recovery period within an average of 10.5 days after going ex-dividend.
For investors looking for a quick total return of income and capital appreciation, our latest utility pick could be a lucrative option.
You can check out the Best Dividend Capture Stocks List to explore all the stocks.
