American Electric Power: A Great Utility To Boost Passive Income

Electric power lines during sunset. mdworschak The utility sector is well known for its ability to pay reliably growing, above-average dividends to shareholders. On its face, it isn't hard to understand why. For one, water, electricity, and natural gas are likely never going to face the risk of becoming technologically obsolete. Second, basic utility services are a prerequisite to living a high quality of life. Thus, the demand for these services is steady no matter what is going on with the economy. Thir ...