3 Utility Stocks to Buy Hand Over Fist in January

Utilities aren't exactly exciting, most of the time, but they tend to be fairly reliable dividend stocks. In other words, they can provide a solid foundation for a diversified portfolio. As the new year gets underway, you might want to examine NextEra Energy (NYSE: NEE), Black Hills Corporation (NYSE: BKH), and Dominion Energy (NYSE: D) before January is over.

If there is one thing that sets NextEra Energy apart from its peers, it is robust dividend growth. Over the past decade, the annualized dividend growth rate for this utility was a huge 10%. That would be a good number for any company, but for a utility it is shockingly strong. Management believes it can continue to grow the dividend at 10% through at least 2024. Earnings are projected to increase at between 6% and 8% a year through at least 2026.

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Source Fool.com