Dividend-News

Daily dividend news for investors in dividend stocks


From 62 To 5: Dividend Growth Utilities To Consider

Published Mon, 07 May 2018 09:53:15 -0400 on Seeking Alpha

Utility companies typically have a high dividend yield and make good dividend growth candidates because they operate in a regulatory environment which limits competition and keeps earnings relatively predictable. In this article, we'll go over all of the utilities in the US Dividend Champions list and apply a dividend growth screen to try and find high-quality companies for further consideration.
I used the following requirements:
Dividend Metrics: Used the April 30, 2018 version of the US Dividend Champions list to filter all utility stocks with a dividend streak of 10 or more years. This list is an invaluable resource for dividend growth investors, thank you David Fish. A reasonably high dividend yield of 2.85% or higher (Roughly 1.5 times the S&P 500 yield). Estimated future dividend growth of 6% or more. I used ValueLine's estimated annual dividend growth rates for the next 3-5 years for my estimates. A reasonable payout ratio of 70% or less based on the next 12 months EPS estimates (Dividend / N12 EPS). Quality Metrics: ValueLine financial strength of B+ or better. S&P credit rating of BBB or higher. Moody's credit rating of Baa2 or higher. MorningStar moat rating of narrow or wide. The Results So out of the 62 utility stocks in the US Dividend Champions list, only five passed my dividend and quality metrics screen. (FYI - The full table is at the end of this article).
Alliant Energy Corp. (LNT) CMS Energy Corp. (CMS) Edison International (EIX)... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
PPL 30.88   12.7 2.43 1.65 5.50
DOMINION RESOURCES 78.54   53.8 1.46 3.67 4.77
BROOKFIELD INFRASTRUCTURE PARTNERS LP 47.35   1.0 0.03 2.01 4.25
SOUTHERN COMPANY 59.99   14.0 4.28 2.48 4.19
DUKE ENERGY 94.96   21.0 4.52 3.78 4.02
CENTERPOINT ENERGY 29.88   26.2 1.14 1.15 3.92
GREAT PLAINS ENERGY 29.15   0.0 -0.65 1.10 3.66
AES 15.67   26.6 0.59 0.55 3.60
NATIONAL FUEL GAS 48.74   14.4 3.39 1.74 3.53
SOUTH JERSEY INDUSTRIES 32.72   19.6 1.67 1.15 3.53
OGE ENERGY 43.92   21.6 2.03 1.46 3.40
EDISON INTERNATIONAL 72.54   0.0 -0.77 2.45 3.37
CONSOLIDATED EDISON 90.19   21.4 4.21 2.96 3.31
AVISTA 48.23   16.1 2.99 1.55 3.29
PINNACLE WEST CAPITAL 93.28   20.9 4.47 2.95 3.21
NORTHWESTERN 73.35   17.3 4.25 2.30 3.16
PUBLIC SERVICE ENTERPRISE 61.45   21.3 2.88 1.88 3.07
AMERICAN ELECTRIC POWER 92.02   23.0 4.00 2.68 2.94
DTE ENERGY 129.23   21.3 6.07 3.78 2.94
MDU RESOURCES GROUP 27.98   19.0 1.47 0.81 2.91
SPIRE 86.48   23.0 3.76 2.37 2.80
ALLIANT ENERGY 51.70   23.9 2.16 1.42 2.79
PORTLAND GENERAL ELECTRIC 55.76   24.9 2.24 1.54 2.79
ALLETE 87.19   22.9 3.80 2.35 2.76
NISOURCE 29.11   97.0 0.30 0.80 2.76
ARTESIAN RESOURCES 37.20   24.2 1.54 0.98 2.73
SEMPRA ENERGY 143.66   20.9 6.87 3.87 2.73
NORTHWEST NATURAL GAS 72.03   30.5 2.36 1.90 2.72
BLACK HILLS 76.58   20.3 3.77 2.02 2.71
NEW JERSEY RESOURCES 45.08   29.7 1.52 1.25 2.67
UGI 49.31   26.4 1.87 1.30 2.67
OTTER TAIL 53.90   27.2 1.98 1.40 2.66
VECTREN 72.38   30.4 2.38 1.92 2.66
EVERSOURCE ENERGY 82.86   30.6 2.71 2.14 2.61
WISCONSIN ENERGY 91.55   26.5 3.46 2.36 2.61
XCEL ENERGY 63.07   25.7 2.45 1.62 2.57
CMS ENERGY 61.63   30.1 2.05 1.53 2.51
WGL HOLDINGS 83.26   15.7 5.29 2.04 2.44
SOUTHWEST GAS 91.84   24.2 3.79 2.18 2.43
RGC RESOURCES 28.80   0.0 0.00 0.66 2.38
IDACORP 109.61   24.7 4.43 2.52 2.35
PNM RESOURCES 50.74   0.0 -0.32 1.16 2.35
EL PASO ELECTRIC 66.95   30.4 2.20 1.54 2.30
NEXTERA ENERGY 220.74   31.7 6.96 5.00 2.29
AQUA AMERICA 43.46   57.2 0.76 0.94 2.19
ATMOS ENERGY 109.44   25.9 4.23 2.10 1.93
MGE ENERGY 75.07   30.5 2.46 1.41 1.92
CONNECTICUT WATER SERVICE 70.30   39.9 1.76 1.31 1.87
YORK WATER 39.07   36.2 1.08 0.69 1.84
SJW 68.28   37.5 1.82 1.20 1.81
CHESAPEAKE UTILITIES 93.60   25.6 3.66 1.62 1.75
AMERICAN WATER WORKS 121.76   37.8 3.22 2.00 1.66
MIDDLESEX WATER 61.61   30.0 2.05 0.96 1.63
CALIFORNIA WATER SERVICE GROUP 54.31   44.2 1.23 0.79 1.49
AMERICAN STATES WATER 90.79   44.1 2.06 1.22 1.37
AMERIGAS PARTNERS LP 31.22   0.0 0.00 0.00 0.00
SCANA 47.78   0.0 0.00 0.00 0.00
WESTAR ENERGY 48.73   21.5 2.27 1.60 0.00

PPL - PPL
PPL - PPL  


Older articles featuring Ppl (PPL):
Dividend Champion And Contender Highlights: Week Of September 29
The Retiree's Dividend Portfolio - Jane's August Update: Price Targets
S&P 500 Top Return Dividend Dogs Save September
9.5% Dividend Yield Plus 6-7% Growth: MPLX Earnings Review
High Yielders
July Dividend Achiever Dogs For Dividend Longevity, Top Yields, And Growth
Dividend Champion And Contender Highlights: Week Of June 23
The Retiree's Dividend Portfolio - Jane's May Update: Women And The Challenge Of Retirement
June Dividend Achiever Dogs Chase Gains And Upsides
Dividend Champion And Contender Highlights: Week Of June 2

More