2 No-Brainer Utility Stocks to Buy With $1,000 Right Now
If you have $1,000 to invest right now and want to hone in on a reliable dividend-paying utility stock, there are a lot of options. However, two utilities stand out from the pack for different reasons. Here's why dividend growth investors will like NextEra Energy (NYSE: NEE) and investors focused on dividend consistency will appreciate Black Hills (NYSE: BKH).
The number that dividend growth investors will find most interesting at NextEra Energy is probably 10%. It's the rate of dividend growth that the utility has achieved over the trailing one-, three-, five-, and 10-year periods. management expects 10% growth this year as well. That's a pretty good pace for any company, but for a utility, it is extremely attractive.
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Source Fool.com
