Top Utility Stocks With Rock-Solid Dividends For Steady Income

Utility companies, known for their steady cash flows, provide a reliable cushion during periods of market turbulence. Here, we highlight three utility companies—Brookfield Infrastructure Partners, Southern Company, and IDACORP—that have a solid history of maintaining and growing their dividends.

Brookfield Infrastructure Partners

Brookfield Infrastructure Partners L.P. BIP owns and operates utilities, transport, midstream, and data businesses across the Americas, Europe, and the Asia Pacific.

The company has maintained dividend payments for 17 consecutive years and has raised them for 14 years. Brookfield pays a quarterly dividend of $0.4050 per share, or $1.62 annually, yielding 5.99%.

Over the past twelve months, the company generated $18.9 billion in revenue and $206 million in net income.

Trending: Miami is expected to take New York's place as the U.S. Financial Capital. Here's how you can invest in the city before that happens.

Southern Company

Southern Company SO is a leading energy provider serving 9 million customers in the Southeast and beyond. It operates electric and natural gas distribution companies, a competitive generation company, a distributed energy distribution company, and a fiber optics network.

Southern has raised its dividend for 22 consecutive years. In April, the company increased its quarterly dividend by 2.9% to $0.72 per share, or $2.88 annually, yielding 3.70%.

Southern Company has beaten consensus EPS estimates for the last six quarters, with the stock up over 12% YTD.

Over the past twelve months, the company generated $25.4 billion in revenue and $4.2 billion in net income

IDACORP

IDACORP, Inc. IDA generates, transmits, and distributes electric energy in the United States. The company operates hydroelectric, natural gas, and coal-fired plants.

IDACORP has raised its dividend for 12 consecutive years. In October 2023, it raised its quarterly dividend by 5.1% to $0.83 per share, or $3.32 annually, yielding 3.65%.

Over the past twelve months, IDACORP generated $1.78 billion in revenue and $253.3 million in net income.

Don’t Miss: Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. This platform allows individuals to invest in commercial real estate.

Are You Missing Out On Higher Yields?

The current high-interest-rate environment has created an incredible opportunity for income-seeking investors to earn massive yields, but not through dividend stocks… Certain private market real estate investments are giving retail investors the opportunity to capitalize on these high-yield opportunities and Benzinga has identified some of the most attractive options for you to consider.

For example, the Jeff Bezos-backed investment platform just launched its Private Credit Fund, which provides access to a pool of short-term loans backed by residential real estate with a target 7% to 9% net annual yield paid to investors monthly. The best part? Unlike other private credit funds, this one has a minimum investment of only $100.

Don't miss out on this opportunity to take advantage of high-yield investments while rates are high. Check out Benzinga's favorite high-yield offerings.