Mad Money's Top 3 Utility Dividend Picks
By Dividendinvestr:Jim Cramer recently released Cramer's Top Dividend Stocks 2012 in which he picked 16 dividend plays for a tough economy. The selection features some of the traditional dividend aristocrats such as Coca-Cola (KO), Abbott Laboratories (ABT) and Clorox (CLX). His picks also include three power utility companies that have very low betas and high dividend yields. Cramer recommends buying stocks of these utility companies not only to earn income but also to safeguard investments during the market downturn. While they represent defensive alternatives to the riskier equities during the market's downward spiral, some of these dividend stocks face near-term challenges that could limit their capital gains potential. The stocks are likewise generally priced above the industry and, in some cases, above the market's valuation.
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American Electric Power Company (AEP) is an $18.5 billion power utility company providing electricity to customers inComplete Story »
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