Utility companies provide essential services to households and businesses, making them a primary target for investors during periods of economic and financial instability. Our latest addition to the Best Utilities Dividend Stocks List is an electricity provider with a growing focus on renewables, making it a potentially attractive short-and long-term bet. Although our pick pays a dividend that’s lower than the utility sector average, it makes up for it with 30 consecutive years of dividend growth.
You can check out the Best Utility Dividend Stocks List to explore all the stocks.
Our pick is one of America’s largest energy producers serving markets across the Midwest, Northeast and Southern regions. It continues to expand operations through mergers and acquisitions and is delivering shareholder value despite operating in a complex regulatory environment. Additionally, we expect our pick to benefit from the passage of the U.S. Inflation Reduction Act, signed into law by President Joe Biden in August 2022.
To make room for our latest pick, we’ve cut ties to another energy company due to weakening momentum.
