There are utilities … and then there are utilities! Some feature such size and scope that they are truly in a class of their own. These firms often provide the best combination of growth and income within one ticker. Our latest Best Utility Dividend Stocks List pick is one such stock.
Our pick bills itself as an energy infrastructure company, owning distribution and generation assets across both electricity and natural gas sectors, including plenty of pipelines, power plants, transmission lines, etc. All of this helps to provide nearly 48 million customers with utility services in two of the largest states.
This huge base of assets creates enviable profits and cash flows that have supported nearly 20 years’ worth of consecutive dividend increases.
With recent moves to add solar and wind energy into its mix, as well as new forays into LNG exports, our pick is poised to keep the cash flowing. Investors should watch for the stock when it goes ex-dividend next on Friday, July 1 (estimated date).
You can check out the Best Utility Dividend Stocks List to explore all the stocks.
