Concerns about recession, inflation and central-bank policies have made 2023 a difficult investment climate. When the going gets tough in public markets, investors are encouraged to go back to basics. The utility sector is as basic (and as essential) as it gets. Our latest reaffirmation in the Best Utility Dividend Stocks List is a Midwestern electricity and natural gas producer with a solid track record of dividend growth. Recently our pick raised its regular quarterly payable dividend by more than 6%, which investors can grab before Monday, Feb 13 when the stock goes ex-dividend with a payout of $0.78 per share.
You can check out the Best Utility Dividend Stocks List to explore all the stocks.
A combination of solid earnings, growth across key segments and upbeat profit guidance for 2023 all bode well for our utilities pick. Income investors having trouble navigating the economic and financial landscape will likely find our pick’s nearly two-decade track record of dividend increases highly attractive.
