Eversource has a 19-year track record of Dividend Growth
This is one of my favorites. I hold 400 shares and they have a cost basis of $36.77 per share. That means my gain, excluding dividends is 158%. Cindie’s mom also has 100 shares of ES.
Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates in four segments: Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution. It provides water services to approximately 228,000 customers. It serves residential, commercial, industrial, municipal, fire protection, and other customers in Connecticut, Massachusetts, and New Hampshire. The company was formerly known as Northeast Utilities and changed its name to Eversource Energy in April 2015. Eversource Energy was founded in 1927 and is based in Springfield, Massachusetts.
If you own shares of two ETFs I recommend (VYM and DVY), then you own shares of ES. The reality is that many ETFs have ES in their list of investments. It is no wonder to me. If you want to get the next dividend, buy shares of ES before the Ex-Dividend date.
As I say repeatedly, when buying a dividend investment, always check the dividend payout ratio. ES’s payout ratio is excellent. They have a 19-year track record of increasing dividends. That is more important to me than the dividend yield. Nevertheless, a 2.42% yield is sweet.
Wallmine is a good place to go to see a summary of information about ES as an investment. Link: https://wallmine.com/nyse/es