Is Duke Energy Stock a Buy?
Duke Energy (NYSE: DUK) is not an exciting company and probably never will be. But that's actually a good thing in many ways if you are looking to live off of the dividends your portfolio generates. Indeed, in today's low-yield world, this giant U.S. utility could be a good fit for investors seeking to generate as much income as they can.
Duke Energy's dividend yield is currently around 3.9%. That compares extremely favorably to the tiny 1.4% investors can get from an S&P 500 Index fund and even to the 3.1% on offer from the average utility, using Vanguard Utilities Index ETF as a proxy. Historically speaking, Duke's yield is toward the low end of its historical range, so it would be hard to suggest that it is cheap today. However, given the market environment, investors looking to put money to work right now will find the yield, relative to other options, fairly attractive.
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Source Fool.com
