Utility stocks have long played a vital role in investors’ portfolios. The threat of a prolonged recession has made utilities even more important for defensive-minded investors. That’s because, regardless of the business cycle, people will always need water, gas and electricity. Our latest reaffirmation in the Best Utility Dividend Stocks List is an electricity distributor with a 15+ year history of dividend growth. Despite a volatile market, our pick’s share price appreciated by 8.4% since being included in our list on November 19, 2021.
Thanks to higher electric sales volumes across all consumer groups, improving transmission margins and reaffirmed guidance for fiscal 2022, our pick offers a compelling opportunity for income investors looking for a solid utilities diversifier. Our pick is a component of the S&P 500 Index, with a proven track record of evolving with the times (it was founded in 1882, after all). Its service footprint stretches tens of thousands of square miles, with a strong generation portfolio in the state of Kansas.
You can check out the Best Utility Dividend Stocks List to explore all the stocks.
