Introducing a new addition to the Best Dividend Stocks model portfolio, this holding promises to captivate balanced dividend investors seeking reliable returns. Offering an impressive yield of 3.14%, compared to the benchmark’s 1.87%, this well-covered large-cap Integrated Utilities stock is set to entice income-oriented investors.
What sets this holding apart are its exceptional highlights. With a remarkable 12-year track record of dividend increases, ranking in the top 10% of dividend stocks, future increases are expected. Moreover, boasting a low beta of 0.58, it showcases a lack of correlation to equity markets, providing a diversification advantage to an equity portfolio.
Keep an eye out for its upcoming unchanged qualified payout of $0.570 per share, scheduled to go ex-div next Thursday, June 8. To delve deeper into this compelling stock analysis, discover how it optimizes Yield Attractiveness, Dividend Safety, Returns Potential, and Returns Risk.