This Reliable Dividend Utility Looks Cheap
Utility stocks aren't the most exciting names around, but for investors that prize consistent dividend payments that's actually a major plus. New Jersey Resources (NYSE: NJR), for example, has a long history of returning cash to shareholders via dividends, and today its yield is at the high end of its historical range. Here's what you need to know to decide if you want to own this boring, but reliable, dividend stock.
The foundational business at New Jersey Resources is its regulated natural gas utility operation. As the utility's name suggests, it serves the New Jersey market, providing gas to more than 500,000 customers in Monmouth, Ocean, Morris, Middlesex, and Burlington counties. Although it has to get its rates approved by regulators, this is a very stable, and growing, business.
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Source Fool.com
