My personal portfolio has a primary goal of throwing off income through dividend payments that I will use to cover my expenses in retirement.
To be able to pay a growing, reliable dividend, the business must be tried and tested and in most cases “boring” in nature.
Therefore, you won’t find any cash-burning companies in my portfolio.
The businesses I have in my portfolio must show that they have a proven track record of profitability and dividend payments AND be trading at the least a fair valuation for me to consider buying.
Pinnacle West Capital Corporation (PNW) is a company that fits my portfolio very well.
It’s a regulated utility company with high returns on equity, pays a 4.3% dividend that is well covered and expected to keep growing alongside earnings, has a strong A- rated balance sheet and is trading at a fair valuation.
Keep reading the full analysis here>>>
Disclaimer: I hold a long position in Pinnacle West Capital Corp(PNW). This is NOT a recommendation to buy or sell any shares. You can lose a part of or all your invested capital.I am not responsible for the accuracy of any of the figures presented in the article. I am not a financial professional of any kind. Any stock transactions or analysis published should NOT be considered to be investing recommendations. Before making any investing or financial decisions, contact an appropriate professional.This website should be viewed for entertainment purposes only.
