Continuous development of OGE Energy, WEC Energy and Northwest Natural for experienced investors

OGE Energy, WEC Energy and Northwest Natural – Steady Growth for Savvy Investors

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For income investors, utility stocks with solid histories of consistent dividend growth are particularly attractive. Here, we highlight three companies—OGE Energy, WEC Energy Group, and Northwest Natural Holding Company—that have maintained solid dividend growth over the years and offer attractive yields.

OGE energy

OGE Energy Corp. (NYSE:OGE) and its subsidiaries provide energy services in the United States. The company generates, transmits, distributes and sells electricity, serving approximately 896,000 customers across 30,000 square miles in Oklahoma and western Arkansas.

OGE Energy has raised its dividend for 17 consecutive years. The company pays a quarterly dividend of $0.4182 per share, or $1.6728 per year, 4.70%.

Over the last twelve months, OGE Energy generated $2.7 billion in revenue and $397.1 million in net income.

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WEC Energy

WEC Energy Group (NYSE:WEC) provides regulated natural gas and electric services, as well as renewable and deregulated energy services throughout the United States. It generates and distributes electricity from a variety of sources, including coal, natural gas, oil, nuclear, wind, solar, hydroelectric, and biomass. It also maintains and operates electric transmission systems and distributes natural gas.

WEC Energy has increased its dividend for 20 years in a row. It pays a quarterly dividend of $0.835 per share, or $3.34 per year, earning a profit 4.26%.

Over the last twelve months, the company generated $8.68 billion in revenue and $1.44 billion in net income.

Northwest Natural Holding Company

Northwest Natural Holding Company (NYSE:NWN) owns NW Natural Gas Company, NW Natural Water Company and NW Natural Renewables Holdings. NW Natural Gas provides natural gas service to approximately 2 million residents of Oregon and Southwest Washington over more than 800,000 feet. NW Natural Water offers water distribution and wastewater services throughout the Pacific Northwest, Texas and Arizona, serving over 180,000 people. NW Natural Renewables focuses on providing renewable fuels to various sectors.

Northwest Natural has increased its dividend for 69 consecutive years. The company pays a quarterly dividend of $1.95 per share, or $7.80 per year, which equates to 5.47%.

Over the last twelve months, Northwest Natural had revenue of $1.16 billion and net income of $86 million.

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There are better options with high profitability

The current high interest rate environment has created an incredible opportunity for income-oriented investors to make huge profits, but not through dividend stocks… Some private market real estate investments are giving retail investors the opportunity to take advantage of these high-yield opportunities, and Benzinga pointed out some of the most attractive options worth considering.

For example, Basecamp Alpine Notes offers a target APY of 9% with a duration of just three months, making it a powerful short-term cash management tool with incredible flexibility. EquityMultiple has issued 61 series of Alpine Notes and has satisfied all payment and financing obligations with no missed or delayed interest payments. With a low minimum investment of just $1000, Basecamp Alpine Notes makes it easier than ever to start building a high-yield portfolio.

Don’t miss this opportunity to take advantage of high-yield investments when interest rates are high. Check out Benzinga’s favorite high-yield picks.

This article OGE Energy, WEC Energy and Northwest Natural’s Steady Growth For Savvy Investors originally appeared on Benzinga.com