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Harnessing the Power of Utilities: Unveiling a Dividend Titan with 30-Year Growth Record

Discover an integrated utilities titan that continues to shine in our Best Dividend Growth Stocks model portfolio.

With an impressive 30-year track record of increased dividends, placing it in the top 10% of all dividend stocks, this anonymous giant is expected to keep the momentum going. Its three-year dividend per share compounded annual growth rate (CAGR) stands at a substantial 10%, placing it among the top 40% of all dividend stocks.

DGS div cagr

Although the company currently yields 2.39%, which is below the utility sector average, it manages to beat this portfolio benchmark’s yield.

Its beta of 0.46 implies a low correlation with the equity markets, promising diversification and stability in your portfolio.

What’s more? This stalwart declared an unchanged qualified dividend of $0.468 per share last Thursday, and it’s set to go ex-div on August 29.

Our recommendation process is meticulously crafted, prioritizing Returns Potential via dividend growth, Dividend Safety, and to a lesser extent, Returns Risk and Yield Attractiveness.

We also take into account the growth drivers and financial results discussed by the company management during their Q2 2023 earnings call held on July 26, 2023.

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