3 High-Yield Utility Stocks to Buy to Create Years of Passive Income
The utility sector has been a sleepy industry over the years. These companies generate very stable earnings backed by government-regulated rate structures. Because governments set rates, utilities don't grow that fast.However, these companies tend to generate lots of stable income, which gives them money to pay lucrative dividends. Black Hills (NYSE: BKH), Dominion (NYSE: D), and Duke Energy (NYSE: DUK) currently stand out to a few Fool.com contributors for their high-yielding payouts. Here's why they believe these utility stocks could help you generate years of passive income.Image source: Getty Images.Continue reading
The utility sector has been a sleepy industry over the years. These companies generate very stable earnings backed by government-regulated rate structures. Because governments set rates, utilities don't grow that fast.
However, these companies tend to generate lots of stable income, which gives them money to pay lucrative dividends. Black Hills (NYSE: BKH), Dominion (NYSE: D), and Duke Energy (NYSE: DUK) currently stand out to a few Fool.com contributors for their high-yielding payouts. Here's why they believe these utility stocks could help you generate years of passive income.
Image source: Getty Images.
