Discover the latest addition to the Best Dividend Protection Stocks model portfolio, a well-covered large-cap Integrated Utilities stock. This high-performing company has caught the attention of retirement dividend investors seeking stability and growth.
With a remarkable 30-year track record of consistently increasing dividends, it ranks among the top 10% of dividend stocks. Additionally, its 3-year dividend/shr compound annual growth rate of 10% places it in the top 40% of all dividend stocks. Offering further appeal, this stock exhibits a low beta of 0.47, indicating that its monthly returns are not significantly correlated to equity markets, making it an excellent diversification option for any equity portfolio.
The stock just went ex-div on May 26 with an unchanged qualified payout of $0.468/shr and a payment date of June 15.
Dive deeper into the comprehensive stock analysis that follows to gain invaluable insights for your retirement dividend investment strategy.