Collect Dividends Like Warren Buffett -- With a High-Yield Utility Stock He Can't Buy
Warren Buffett uses Berkshire Hathaway as his investment vehicle, with the conglomerate buying and selling stocks and entire companies. Investors can get ideas by examining Berkshire's portfolio of investments, both public and private. One big investment area for Buffett is utilities. You can easily invest in well-run utilities, too, and here's a particularly attractive option for doing that right now.What sets Black Hills (NYSE: BKH) apart from most of its peers is its impressive dividend history. The electric and natural gas utility has increased its dividend annually for 55 consecutive years. That makes Black Hills a Dividend King, which is a highly elite group of companies. A company doesn't achieve Dividend King status by accident; it requires a strong business model that is executed well in good times and bad. Black Hills is one of the few utilities to achieve this feat.Image source: The Motley Fool.Continue reading
Warren Buffett uses Berkshire Hathaway as his investment vehicle, with the conglomerate buying and selling stocks and entire companies. Investors can get ideas by examining Berkshire's portfolio of investments, both public and private. One big investment area for Buffett is utilities. You can easily invest in well-run utilities, too, and here's a particularly attractive option for doing that right now.
What sets Black Hills (NYSE: BKH) apart from most of its peers is its impressive dividend history. The electric and natural gas utility has increased its dividend annually for 55 consecutive years. That makes Black Hills a Dividend King, which is a highly elite group of companies. A company doesn't achieve Dividend King status by accident; it requires a strong business model that is executed well in good times and bad. Black Hills is one of the few utilities to achieve this feat.
Image source: The Motley Fool.
