Discover the Unmatched Potential of Black Hills, Enbridge, and American States Water as Forever Dividend Stocks
Monday, 29 April 2024, 12:11
Black Hills: Rising rates have created a Dividend King bargain
Reuben Gregg Brewer (Black Hills Corporation): When it comes to utilities, Black Hills is a small fry, with a roughly $3.6 billion market cap.
Impact: 8
- The company achieved Dividend King status with 54 years of annual dividend increases.
- Offers a 4.8% dividend yield and high growth potential.
Built for whatever the future holds
Matt DiLallo (Enbridge): Enbridge has been one of the most reliable companies in the energy sector.
Impact: 9
- Enbridge has a low-risk cash flow profile fueled by stable assets.
- The company is steadily shifting earnings to lower-carbon energy for long-term sustainability.
A no-brainer dividend growth stock to own
Neha Chamaria (American States Water): American States Water is perhaps the finest example of a forever dividend stock.
Impact: 7
- The company stands out as a reliable Dividend King with impressive dividend growth streaks.
- American States Water's regulated cash flows make it a stable investment in the long term.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.