Let’s talk about utility stocks.
Companies that grow dividends during periods of economic expansion are very common. The more difficult endeavor is to grow the dividend during times of economic hardship. Demand often falls in many areas as consumers and companies reduce their spending in recessions. Customers tend to keep their spending to a minimum in order to stay afloat during these times.
It takes a strong business model to thrive in recessions. One of the best market sectors for high dividend yields and stable dividends (even during recessions) is the utility sector.....More>>>