Have utility stocks been stripped of their safe-haven status?
I’ve fielded that question from a few readers who have rightly pointed out the utility sector’s unimpressive performance during 2020’s market rout and partial recovery.
The short answer? No, it hasn’t. At least not for those of us who look through short-term price jitters to lock-in long-term payouts.
Back in the “good old days,” utility stocks delivered enough income to actually retire on. And thanks to this once-in-a-decade panic, that’s the case once again. Even though utility stocks are well off their bottom, investors still can grab perfectly safe yields of up to 7% in the space.… Read more