Utilities are one of the cornerstones of high-yield portfolios and for good reason. Their generally stable and predictable cash flows, often protected by regulated prices result in most utilities achieving high Dividend Safety Scores. Safe payouts can be a major asset for low risk investors – especially retirees who depend on dividends for funding their living expenses. However, not all utilities require one to sacrifice growth for a safe, high yield.
One global utility in particular, Brookfield Infrastructure Partners (BIP), appears to have a long runway for income growth. Let’s take a closer look at Brookfield Infrastructure Partners for consideration in our Conservative Retirees dividend portfolio.