The current macro environment is challenging for stock market investors. The S&P 500 is currently down 19% year-to-date as a result. In an environment like this, many investors are looking for stocks that are crisis-proven and have a high likelihood of maintaining their dividends, no matter what.
Electric utilities can be a good industry to look for such stocks, as electricity demand, at least by consumers, is not very cyclical, and generally holds up well even during major economic downturns. Customers still use electricity for heating and cooling their homes, for cooking, and so on, regardless of economic conditions.
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