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Here's Why I Just Bought This High-Yield Dividend Stock


One of the problems with investing in a certain style, like dividend investing, is that you'll end up owning a lot of stocks from the same sectors. That's where I found myself with the utility sector. I decided to hold off on any more stocks in the space until WEC Energy (NYSE: WEC) popped up on my radar screen. The story was so good that I couldn't say no and I bought it. Here's why.

For the most part, WEC is a run-of-the-mill utility. It provides regulated natural gas and electric services to around 4.7 million customers in parts of Wisconsin, Illinois, Michigan, and Minnesota. It isn't exactly a small utility, but with a market cap of $26 billion, it isn't in the top tier of the utility sector, either. For reference, NextEra Energy is an industry giant with a market cap of $150 billion and Southern Company, a well-known and respected industry leader, has a market cap of roughly $90 billion.

Image source: Getty Images.

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Source Fool.com

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