Integrys Energy Group, Inc. (TEG): Is Now the Time to Buy Utilities Again?

High dividend

One of the main reasons investors like keeping utility companies is due to their high dividend yield: Integrys Energy Group, Inc. (NYSE:TEG) offers a dividend of $2.72 per share per year – a yearly yield of 4.73%. FirstEnergy Corp. (NYSE:FE) gives an annual dividend of $2.20, which comes to an annual yield of 5.74%; Duke Energy Corp (NYSE:DUK) pays a dividend of $3.06 per share per year – a yearly yield of 4.52%. If these companies finish the year with higher profits than they had in 2012, they may raise their dividend payments in the near future.

Takeaway

Major utility companies might see a drop in revenues in the coming months, but overall, 2013 is likely to be better than 2012 especially for Integrys Energy Group, Inc. (NYSE:TEG) and Duke Energy Corp (NYSE:DUK). The steady growth in revenue along with high dividend yields is likely to keep these companies a compelling investment.

Lior Cohen has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned.

The article Is Now the Time to Buy Utilities Again? originally appeared on Fool.com.

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