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8 Best Utility Stocks for Rising Dividends

FEE-ONLY PLANNING BLOG

May 17 2023

8 Best Utility Stocks for Rising Dividends

A couple of weeks ago, a reporter for U.S. News & World Report contacted me for comment on Utility stocks in the current investment environment.  Although the subsequent article he wrote was not about rising dividend companies per se, I offered up a few examples of companies that might be suitable additions to a direct indexing dividend stock portfolio as a source of current passive income that may rise over time at a pace that is faster than the cost of living index. Here is a link to the article:

8 Best Utility Stocks to Buy For Dividends (US. News & World Report, May 10, 2023)

In the interview, I shared my three primary quantitative screening criteria – dividend payout ratio of less than 70% (for utilities only), P/E multiple less than 20 times forward earnings, and trailing 5-year dividend growth rate of at least 5%.  The author of the article did not accurately explain this. 

He also referenced me as a co-founder of Nest Egg Guru (my software company), instead of as the founder of Financial Planning Hawaii and Fee-Only Hawaii.  Oh well, he must have been on a deadline. The bottom line is that utility stocks can be a good source of tax-favored income that may help investors keep ahead of the cost of living over time.  I include utilities that meet my screening criteria in nearly every rising dividend stock portfolio I construct.

Note:  My comments in the article were in response to the reporter’s query. They are general in nature.  My comments in the article are not intended as specific recommendations to invest and should not be construed as such.

Written by J.R. Robinson, Financial Planner · Categorized: Portfolio Management & Investing

John “J.R.” Robinson is the owner/founder of Financial Planning Hawaii and Fee-Only Planning Hawaii and is a co-founder of personal finance software maker Nest Egg Guru.

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Recent Posts

  • Hawaii’s Weak Liability Protection Laws and the Benefits of Tenancy by the Entirety and Liability Insurance
  • Scenarios in which it may make sense to shift self-employment income from one spouse to another to optimize social security benefits and/or avoid social security tax
  • Caution: Renting Part of Your Home May Jeopardize Your Capital Gains Tax Exclusion

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© 2005–2025 | Financial Planning Hawaii | Fee-Only Planning Hawaii is a business division of Financial Planning Hawaii, Inc., a state of Hawaii Registered Investment Adviser (CRD#153930). John H. Robinson is the sole owner and founder of Financial Planning Hawaii, Inc. Both John H. Robinson and Sue Gabor also maintain separate broker-dealer and investment advisory relationships with J.W. Cole Financial, a FINRA member broker-dealer, and J.W. Cole Advisors, an SEC-Registered Investment Adviser. Financial Planning Hawaii and J.W.Cole Financial/Advisors are unaffiliated entities. Services provided under Financial Planning Hawaii’s fee-only planning agreement are entirely separate from the financial planning and wealth management services provided under their unaffiliated registered representative and investment adviser representative relationships with J.W. Cole. Fee-only planning clients will NOT be solicited to establish investment accounts through J.W. Cole Financial or J.W. Cole Advisors. Clients who sign Financial Planning Hawaii’s fee-only planning agreement should understand that ongoing portfolio management is NOT part of the agreement.

Both John H. Robinson and Sue Gabor maintain state of Hawaii insurance producer licenses. However, while insurance risk management is included in the financial planning review process, no specific insurance products will be recommended or solicited as per the terms of the fee-only planning agreement.

All prospective clients are encouraged to review John H. Robinson’s and Sue Gabor’s professional and regulatory disclosure histories on the Securities Exchange Commission Investment Adviser Public Disclosure website (SEC IAPD) at https://adviserinfo.sec.gov/
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