Emera And Other Top Utilities Dividend Stocks
Regulators typically set customer rates for utilities to ensure investors recover a fair return on capital and allows the businesses keep their systems well maintained. This means utilities companies are among the most defensive investments with solid cash flows and high dividend payouts. Therefore, these companies provide a strong reliable stream of constant income which is a great diversifier during economic downturns. If you’re a buy-and-hold investor, these healthy dividend stocks in the utilities industry can generously contribute to your monthly portfolio income.
Emera Incorporated (TSX:EMA)
EMA has a great dividend yield of 5.27% and their current payout ratio is 78.02% , and analysts are expecting the payout ratio in three years to hit 84.52%. In the case of EMA, they have increased their dividend per share from $0.95 to $2.26 so in the past 10 years. It should comfort existing and potential future shareholders to know that EMA hasn’t missed a payment during this time. More detail on Emera here.
Brookfield Renewable Partners L.P. (TSX:BEP.UN)
BEP.UN has a large dividend yield of 6.09% with a generous payout ratio . The company’s dividends per share have risen from $1.25 to $2.458095 over the last 10 years. They have been consistent too, not missing a payment during this 10 year period. Brookfield Renewable Partners could be a good investment for its future growth, with analysts expecting the company’s earnings to grow by an exciting triple-digit over the next 12 months Interested in Brookfield Renewable Partners? Find out more here.
Hydro One Limited (TSX:H)
H has a enticing dividend yield of 4.24% and their current payout ratio is 81.12% . Besides capital gain prospects, just the yield is higher than the low risk savings rate – enticing for investors with goals of beating their bank accounts. Plus, a 4.24% yield places it amidst the market’s top dividend payers. Continue research on Hydro One 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.
