The main goal of my personal investment portfolio, is to generate dividend income for my retirement. To achieve that, I look for stocks with a high, sustainable yield with growth prospects. This utility dividend stock from my watchlist has the potential to help me achieve my investing goals.
UGI Corp(UGI) has paid a dividend for 136 years in a row. The company has increased the dividend each year for the last 33 years.
The current dividend yields is 4.4% and is well-covered by earnings. UGI management’s goal is to increase the dividend at around 4% per year.
If the company achieves that growth rate, it has the potential to provide current investors with a >9% yield-on-cost in 10 years(with re-investing), according to my Dividend Growth Calculator.
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