In the first quarter of 2019, more than half of the utility companies in the S&P 500 have increased their dividends. The average increase was 5.8%.
| Company Name | Ticker Symbol | Quarterly Dividend Q1 2018 | Quarterly Dividend Q1 2019 | Yr / Yr % increase |
|---|---|---|---|---|
| Nextarea Energy* | NEE* | $1.1100 | $1.2500 | 12.6% |
| Dominion Resources* | D | $0.8350 | $0.9175 | $9.9% |
| Sempra Energy* | SRE* | $0.8950 | $0.9675 | 8.1% |
| CMS Energy* | CMS* | $0.3575 | $0.3825 | 7.0% |
| WEC Energy Group* | ES* | $0.5525 | $0.5900 | 6.8% |
| XEL Energy* | XEL* | $0.3800 | $0.4050 | 6.6% |
| Allient Energy | LNT* | $0.3350 | $0.3550 | 6.0% |
| Eversource Energy* | ES* | $0.5050 | $0.5350 | 5.9% |
| Exelon* | EXC* | $0.3450 | $0.3625 | 5.1% |
| AES Corp | AES* | $0.1300 | $0.1365 | 5.0% |
| Public Service Enterprise Group* | PEG* | $0.4500 | $0.4700 | 4.4% |
| Centerpoint Energy | CNP* | $0.2775 | $0.2875 | 3.6% |
| Consolidated Edison | ED* | $0.7150 | $0.7400 | 3.5% |
| NiSource* | NI* | $0.1950 | $0.2000 | 2.6% |
| PPL Corp* | PPL* | $0.4100 | $0.4125 | 0.6% |
*Held in one or more portfolio(s) managed by Reaves Asset Management as of 12/31/18.
Another seven companies operating in the utilities sector (but not included in the S&P 500 Index) increased their dividends in the first quarter at an average rate of 7.3%.
| Company Name | Ticker Symbol | Quarterly Dividend Q1 2018 | Quarterly Dividend Q1 2019 | Ys/ Ys % increase |
|---|---|---|---|---|
| Nextera Enerfy Partners, LP | NEP* | $0.4050 | $0.4650 | 14.8% |
| PNM Resources | PNM | $0.2650 | $0.2900 | 9.4% |
| ONE Gas | OGS | $0.4600 | $0.5000 | 8.7% |
| Fortis | FTS* | $0.4250 | $0.4500 | 5.9% |
| Allete | ALE | $0.5600 | $0.5875 | 4.9% |
| Avista | AVA | $0.3725 | $0.3875 | 4.0% |
| Hawaiian Electric | HE | $0.3100 | $0.3200 | 3.2% |
*Held in one or more portfolio(s) managed by Reaves Asset Management as of 12/31/18.
