7 Utilities With 10 Years Of Dividend Growth

In the wildly volatile 2011 stock market investors flocked to dependable utility stocks with high dividend yields. As fears in Europe began to settle we saw fast money start to move away from this sector. As a result, utility stocks in general have underperformed the market for the last 6 months.

For those that have been waiting out this downtrend, it may be time to start averaging your way back into these stocks. Our favorite dividend stocks are those that have a history of raising their dividend. These 7 utility dividend stocks have a yield of 3% or more, 10 years of consecutive dividend increases and a 5 year dividend growth rate of 5% or more.

Northeast Utilities System (NU)

Northeast Utilities has multiple subsidiaries that provide electricity to residential and commercial customers. They serve the New Hampshire and Massachusetts areas. NU has raised its dividend for 12 consecutive years