It's All About The Dividends, Baby - NSTAR (NST)

I have, in the past, said that I do not recommend utilities for this upcoming trading year. With that being said, if you're looking for nice, stable income, then you might be interested in NSTAR (NYSE: NST).

NSTAR is a regulated utility company operating in Boston that services several hospitals, universities, research facilities, and related buildings that generate a steady stream of business. It has also recently constructed an underground transmission line that will let the company expand its services throughout the state.

All of that looks good, but the dividend is where the meat of this stock is. NSTAR has been paying dividends to its shareholders for the past century. The company has also raised the yield every year for 12 years running. This year the yield is around 5% - and should increase by 5% of the yield annually. A P/E ratio of 15.68 makes the stock less expensive than some of its peers, too.

If you can find a stable stock with some growth potential and a nice dividend in this market, I say go for it. NSTAR may be that stock for you.