I want to diversify my portfolio to various sectors so now its time for energy. This utilities sector one of my favorites because of stability it has to offer. My pick - Wisconsin Energy Corporation (WEC). This company principal business is providing electric and natural gas service to customers in areas of Wisconsin and the Upper Peninsula of Michigan. Company show great earning grow rate years after years, EPS for last 4 years looks quite impressive for utility company:
2009 - 1.59
2010 - 1.92
2011 - 2.18
2012 - 2.35
Their dividend payout looks healthy at ratio around 50%. Last 5 years dividends increase rate around 21% per year! Here is dividends since 2009:
2009 - 0.68
2010 - 0.80
2011 - 1.04
2012 - 1.20
Company is paying increasing dividends since 1987 and in 2013 they already increased them by 26% .
Bought 77 shares of this company for 42.40$ with yield of 3.63%
No comments:
Post a Comment