Utilities are generally considered safe income investment vehicles. Back in the day, they used to be called widow-and-orphan stocks on Wall Street.
High-yield energy stocks can provide diversification to your portfolio. But if you pick the right high-yielders, they can also offer stability -- you just have to avoid the segments of the energy sector known for massive, commodity-driven price swings.
Dividend stocks come in many different shapes and sizes, but one incarnation stands head and shoulders above them all: The Dividend King. Dividend Kings have increased their dividends annually for 50 consecutive years, or longer.
Black Hills Corporation has hiked its dividends paid to shareholders for 54 years straight. The electric and gas utility continues to expect 4% to 6% annual diluted EPS growth over the long run. Black Hills' interest coverage and debt-to-capital ratios point to a financially healthy business.
The Ultimate High-Yield Utility Stock to Buy With $1,000 Right Now
Institutional Shareholder Services rated Black Hills Corporation's governance as superb with an overall score of 1, indicating low governance risk. Natural gas revenues are seasonally weather-dependent. Black Hills' beta is 0.68, showing less stock volatility compared to the overall market, typical for utilities.
Black Hills Corporation (NYSE:BKH ) Q3 2024 Earnings Conference Call November 7, 2024 11:00 AM ET Company Participants Sal Diaz - Director, Investor Relations Linn Evans - President & Chief Executive Officer Kimberly Nooney - Senior Vice President & Chief Financial Officer Marne Jones - Senior Vice President-Utilities Conference Call Participants Andrew Weisel - Scotiabank Chris Ellinghaus - SWS Brian Russo - Jefferies Operator Good day and thank you for standing by. Welcome to the Q3 2024 Black Hills Corporation Earnings Conference Call.
Black Hills is a Dividend King, NextEra is a dividend grower, and Eversource Energy has a historically high yield.
The average utility is yielding 2.7%; this duo is yielding well north of that figure and each sells for less than $200 a share.
After a huge rally, investors need to be a bit more selective in the utility sector. Here are three utilities that you might want to consider.
If you're looking for high-yield stocks as October gets underway, look no further than Enbridge, Black Hills, and TotalEnergies.
Black Hills is a boring Dividend King utility with an above average yield. Realty Income is a giant landlord with a reliable monthly dividend and an above average yield.