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The index was created in 1929 when all utility stocks were removed from the Dow Jones Industrial Average. On April 20, 1965, the index closed at 163.32. On September 13, 1974, the index closed at 57.93.
However, the average utility yields around 3%, using the Utilities Select Sector SPDR ETF (NYSEMKT: XLU) as an industry proxy, so Black Hills also looks cheap relative to its peers.
So you get a relatively high dividend yield-- the average utility yields 3% -- along with a reasonable dividend growth rate and a Dividend King utility with a growing business.
These three utility stocks have dividend yields above the S&P 500 average, as well as the ... utility stocks have often been referred to as “widow and orphan” stocks due to their consistency ...
The Dow Jones Composite Average is the stock market index composed of 65 prominent companies traded on both exchanges, maintained and tracked by S&P Dow Jones Indices.The average's components include every stock from the Dow Jones Industrial Average (30 components), the Dow Jones Transportation Average (20), and the Dow Jones Utility Average (15).
Companies formerly included in the DJUA are categorized in the category "Former components of the Dow Jones Utility Average." Subcategories.
The utility sector has dramatically underperformed the S&P 500 index over the past year, trailing the broader market by over 15 percentage points. Higher interest rates are a big part of the story ...
Utility stocks took a breather on Tuesday following the sector's worst daily performance since April 2020. The SPDR S&P 500 Utility Sector ETF fell 4% on Monday and recovered to end the next day ...