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3 Brilliant High-Yield Stocks to Buy Now and Hold for the Long Term
If you are a dividend investor looking for high yields today, you may want to consider companies that provide energy in some form. Modern society can't exist without reliable sources of energy and, thus, energy companies are providing a basic necessity. That said, there are different ways to go about investing in high-yield energy-related stocks. Here are three options that have reliable histories of increasing their dividends.Black Hills (NYSE: BKH) provides electricity and natural gas to roughly 1.35 million customers in parts of Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota, and Wyoming. It has a 4.5% dividend yield and has increased its dividend annually for a huge 55 consecutive years. Not only is that yield above the utility average of around 2.9%, but Black Hills is one of the few utilities to have achieved Dividend King status.If that backdrop isn't enough to entice you to buy Black Hills, then consider some other facts. The utility's customer growth is expanding at nearly three times the rate of U.S. population growth. It has a $4.7 billion capital investment budget to help support reliable access to power for its growing customer base. And management expects earnings to increase by around 4% to 6% year over year for the foreseeable future. The dividend should trail higher along with earnings, as it has done for years. Power to the people and a reliable, high-yield dividend stock for you.Continue reading
If you are a dividend investor looking for high yields today, you may want to consider companies that provide energy in some form. Modern society can't exist without reliable sources of energy and, thus, energy companies are providing a basic necessity. That said, there are different ways to go about investing in high-yield energy-related stocks. Here are three options that have reliable histories of increasing their dividends.
Black Hills (NYSE: BKH) provides electricity and natural gas to roughly 1.35 million customers in parts of Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota, and Wyoming. It has a 4.5% dividend yield and has increased its dividend annually for a huge 55 consecutive years. Not only is that yield above the utility average of around 2.9%, but Black Hills is one of the few utilities to have achieved Dividend King status.
If that backdrop isn't enough to entice you to buy Black Hills, then consider some other facts. The utility's customer growth is expanding at nearly three times the rate of U.S. population growth. It has a $4.7 billion capital investment budget to help support reliable access to power for its growing customer base. And management expects earnings to increase by around 4% to 6% year over year for the foreseeable future. The dividend should trail higher along with earnings, as it has done for years. Power to the people and a reliable, high-yield dividend stock for you.
