The 123 Year Old Natural Gas Company that Pays a 3.9% Yield
There is a natural gas utility company that is the eighth oldest listed stock on the New York Stock Exchange, and celebrated its 120 year anniversary on December 7, 2009. In addition, it was one of the original stocks in the Dow Jones Industrial Average, back in 1896. How's that for a track record. Other natural gas and propane gas utilities with high yields are available. WallStreetNewsNetwork.com has turned up over 20 gas utilities with yields ranging from 2% to in excess of 10%, such as Nicor (GAS) yielding 4.5%, Spectra Energy (SE) yielding 3.8%, and Chesapeake Utilities (CPK) yielding 3.1%.
You might also consider investing in electric utilities, which also pay fairly high yields, many in excess of 5%.
To see a list of 20 gas utilities, you can get a free downloadable Excel database of natural gas and propane stocks at WallStreetNewsNetwork.com.
Disclosure: Author did not own any of the above at the time the article was written.
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