Select dividend-paying water utility stocks make wonderful core long-term holdings for most investors. 

All utilities provide products and services that are considered essential, which makes them much more immune to economic downturns than most other sectors. But water utilities provide the most essential product of all utilities: potable water for drinking and other uses. And the wastewater services provided by many water utilities are not very far behind on the essential scale.

For context, in 2021, the three best performers in the U.S. water utility stock group were Middlesex Water, California Water Service, and American States Water.

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Source Fool.com