Posted 4/3/2024, 8:51:00 AM
Undervalued Utility Stocks Offer High Dividends and Growth
- Opportunity to buy undervalued utility stocks like NextEra, Black Hills, and Northwest Natural that have historically high dividend yields
- NextEra offers impressive 10% annual dividend growth and yield near 10-year high
- Black Hills is a small utility with 53 years of dividend growth and a high 4.7% yield
- Northwest Natural is very small but has 67 years of dividend growth and a yield near a 10-year high of 5.3%
- Northwest Natural expects a temporary earnings dip in 2024 before resuming 4-6% annual earnings growth
