If you’re looking for reliable income from your investments, utility stocks can be a great option. These companies typically pay out high dividends, making them attractive for income-focused investors. Here are three high-dividend utility stocks that could provide you with a steady stream of income:
1. NextEra Energy (NEE): NextEra Energy is a leading clean energy company that operates in the United States and Canada. The company has a strong track record of paying dividends and has consistently increased its dividend payout over the years. With a current dividend yield of around 2%, NextEra Energy is a solid choice for investors looking for reliable income.
2. Duke Energy (DUK): Duke Energy is one of the largest electric power holding companies in the United States, serving over 7 million customers. The company pays a generous dividend, with a current yield of around 4%. Duke Energy has a stable business model and a strong balance sheet, making it a reliable option for income investors.
3. Dominion Energy (D): Dominion Energy is a diversified energy company that operates in multiple states in the US. The company has a long history of paying dividends and has a current dividend yield of around 4%. Dominion Energy has a strong presence in the regulated utility industry, which provides a stable source of income for the company.
Overall, these three high-dividend utility stocks could be a good choice for investors looking for reliable income. With their strong track records of dividend payments and stable business models, NextEra Energy, Duke Energy, and Dominion Energy offer a solid option for income-focused investors.