Are you looking to add some stability to your investment portfolio? Consider investing in boring utility stocks. Utilities may not sound exciting, but they offer steady returns and high-yielding dividends. At Extreme Investor Network, we believe that Black Hills (NYSE: BKH), Consolidated Edison (NYSE: ED), and Duke Energy (NYSE: DUK) are excellent options for investors seeking a reliable income stream.
Black Hills may be flying under the radar for some investors, but this regulated utility has an impressive track record of 54 consecutive years of annual dividend increases. With a current dividend yield of around 4.5%, Black Hills is a dividend king that is often overlooked. Despite facing some challenges due to rising interest rates, Black Hills’ strong customer growth and presence in attractive markets make it a compelling long-term investment.
Consolidated Edison is another solid choice for income-oriented investors. This utility company, which serves the New York City metro area, recently celebrated its 50th consecutive annual dividend increase. With a dividend yield of nearly 3.5%, Consolidated Edison offers a stable income stream that outperforms the S&P 500’s average dividend yield. By targeting a lower dividend payout ratio and investing in clean energy initiatives, Consolidated Edison is positioning itself for sustainable growth in the future.
Duke Energy, one of the largest regulated utilities in the U.S., has been making strategic moves to focus on its regulated utility business. By selling its unregulated commercial renewable energy business and ramping up investments in clean energy, Duke Energy is poised for growth. With a dividend yield of 4% and a planned 5% to 7% increase in adjusted earnings per share through 2028, Duke Energy offers investors the potential for solid returns.
At Extreme Investor Network, we believe that investing in boring utility stocks can be a smart move for those looking to add stability and income to their portfolio. By choosing companies like Black Hills, Consolidated Edison, and Duke Energy, investors can benefit from high-yielding dividends and the potential for long-term growth. Consider adding these reliable utility stocks to your investment portfolio for consistent returns and peace of mind.