Five Dividends To Count On
As the fallout in the financial markets continues to unwind, a number of companies have bolted down balance sheets and insured some cash flows by cutting their once attractive dividends. In the past month we have seen the likes of General Electric (GE ), JP Morgan Chase (JPM),Bank of America (BAC), Pfizer (PFE ) and Alcoa (AA) all cut these coveted yields, proving that this trend has extended into and beyond the financial sector. However, one sector that has maintained their healthy yields has been the utilities sector. While equity prices in the sector have been beaten down with the overall market, there is still a basket of companies that have the means to continue redistributing lucrative cash flows to investors. By no means are all utilities companies safe from dividend cuts, but the types of regulated environments that these companies operate in helps provide secure revenue streams, making payouts more feasible relative to the broader market. The following is five companies with attractive yields that are not going away anytime soon:
Florida Power & Light: FPL (FPL )the electric utility provider in South Florida and leading wind energy generator in
the United States, has built its investment profile on providing its equity holders a comfortable yield. Currently, the company is boasting a yield that just tops 4%. With an aggressive wind enterprise that requires substantial capital expenditures, this company’s yield in the long-term could be considered on shaky grounds.
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