Regulated distribution utilities are among the most defensive investments available with solid cash flow, high dividend pay-out ratios, and low cyclicality. These businesses, therefore, generate robust cash flows and payout high income to shareholders, making them valuable diversifiers during downturns. I’ve made a list of other value-adding dividend-paying stocks in the utilities industry for you to consider for your investment portfolio.
Consolidated Water Co. Ltd. (NASDAQ:CWCO)
CWCO has a sizeable dividend yield of 2.55% and is distributing 75.30% of earnings as dividends . The company’s DPS have increased from US$0.26 to US$0.34 over the last 10 years. During this period, they haven’t missed a payment, as one would expect from a company increasing their dividend. Analysts are enthusiastic about the company’s future growth, estimating a 48.18% earnings per share increase over the next 12 months. More detail on Consolidated Water here.
RGC Resources, Inc. (NASDAQ:RGCO)
RGCO has a good dividend yield of 2.34% and distributes 69.24% of its earnings to shareholders as dividends . Over the past 10 years, RGCO has increased its dividends from US$0.42 to US$0.62. They have been dependable too, not missing a single payment in this time. Continue research on RGC Resources here.
Artesian Resources Corporation (NASDAQ:ARTN.A)
ARTN.A has a wholesome dividend yield of 2.44% and has a payout ratio of 59.74% . ARTN.A’s last dividend payment was US$0.95, up from it’s payment 10 years ago of US$0.69. The company has been a reliable payer too, not missing a payment during this time. The company outperformed the us water utilities industry’s earnings growth of 8.20%, reporting an EPS growth of 8.82% over the past 12 months. More on Artesian Resources here.
For more solid dividend paying companies to add to your portfolio, explore this 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.