Generally, companies in the utilities sector, such as Consolidated Water and Artesian Resources, often provide attractive dividend yields due to relatively stable earnings as these are considered defensive sectors that can make money in any economic environment. These businesses, therefore, generate robust cash flows and payout high income to shareholders, making them valuable diversifiers during downturns. Today I will share with you my list of high-dividend utilities stocks you should consider for your portfolio.
Consolidated Water Co. Ltd. (NASDAQ:CWCO)
CWCO has a solid dividend yield of 2.71% and pays out 74.71% of its profit as dividends . CWCO’s last dividend payment was $0.34, up from it’s payment 10 years ago of $0.26. During this period, they haven’t missed a payment, as one would expect from a company increasing their dividend. Over the next year, analysts are estimating a double digit EPS growth of 58.64%. Dig deeper into Consolidated Water here.
Artesian Resources Corporation (NASDAQ:ARTN.A)
ARTN.A has a decent dividend yield of 2.68% and distributes 64.75% of its earnings to shareholders as dividends . The company’s DPS have increased from $0.688 to $0.9408 over the last 10 years. During this period, they haven’t missed a payment, as one would expect from a company increasing their dividend. More on Artesian Resources here.
Caribbean Utilities Company, Ltd. (OTCPK:CUPU.F)
CUPU.F has a great dividend yield of 5.00% and distributes 97.92% of its earnings to shareholders as dividends . CUPU.F’s dividends have increased in the last 10 years, with DPS increasing from $0.66 to $0.68. To the enjoyment of shareholders, the company hasn’t missed a payment during this period. Continue research on Caribbean Utilities Company here.
For more solid dividend payers to add to your portfolio, you can use our free platform to explore our interactive list of top dividend payers.
To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned.