3 High-Yield Utility Stocks With Safe Dividends

Investors typically buy utility stocks for safety and dividends. Indeed, utility stocks have often been referred to as “widow and orphan” stocks due to their consistency and reliable dividend payouts year after year.

With the ongoing war in Ukraine, rising inflation and the prospect of a U.S. recession, it’s an opportune time for risk-averse income investors to consider adding utilities to their portfolios.

These three utility stocks have dividend yields above the S&P 500 average, as well as the ability to maintain their dividends even during recessions.

This post appeared first on InvestorPlace.