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This Week in Utilities: Dividend Stocks Head High and Low
It’s been another busy week for utilities, with new highs as dividend stocks (and their dividends) soar and shrink. Here’s what you need to know to keep pulling profits for your portfolio.
Let’s get high
Ameren (NYSE: AEE ) , PPL (NYSE: PPL ) , and several other utilities all recently hit 52-week highs as stocks soared. Utilities in general have been on the rise in 2013, but a common thread among these companies is their stability. They’re heavy on the regulated side, and in times of economic volatility, there’s nothing income investors like more than a stable dividend stock.
It’s the circle of dividends
Atlantic Power (NYSE: AT ) distributed its first newly downsized dividend this week. The utility first announced that it would cut its dividend by 66% during its Q4 2012 earnings report, and its stock has been sliding ever since. With its new dividend in place and a plan to focus on natural gas and renewables, I’ll be keeping a close eye on Atlantic’s activity over the next few months.
Read More: http://www.forextradinganalysis.us/this-week-in-utilities-dividend-stocks-head-high-and-low
