Roger S. Conrad needs no introduction to individual and professional investors, many of whom have profited from his decades of experience uncovering the best dividend-paying stocks for accumulating sustainable wealth.
Roger built his reputation with Utility Forecaster, a publication he founded more than 20 years ago that The Hulbert Financial Digest routinely ranked as one of the best investment newsletters. He’s also a sought-after expert on master limited partnerships (MLP) and former Canadian royalty trusts.
In April 2013, Roger reunited with his long-time friend and colleague, Elliott Gue, becoming co-editor of Energy & Income Advisor, a semimonthly online newsletter that’s dedicated to uncovering the most profitable opportunities in the energy sector.
Although the masthead may have changed, readers can count on Roger to deliver the same high-quality analysis and rational assessment of the best dividend-paying utilities, MLPs and dividend-paying Canadian energy names.
When the October issue of CUI posted, the Dow Jones Utility Average was underwater nearly -10 percent for the year. Now it’s close to even including dividends. That strong recovery also shows up in a brief scan of stock prices in this month’s Conservative Holdings, Aggressive Holdings and Top 10 DRIP tables. But it wasn’t exactly a buy everything moment either.
Wireline communications company Lumen Technologies (NYSE: LUMN) eliminated its quarterly cash dividend this month. That brings total year-to-date cuts in the Utility Report Card coverage universe to nine.
Political parties are usually well down the list of reasons for bull and bear markets. But elections do have consequences, particularly in heavily regulated industries like utilities and energy.
The income stock selloff that began in mid-September has picked up steam this month. The Dow Jones Utility Average is now underwater by –9.42 percent year-to-date including dividends, and nearly -19 percent since almost hitting a new all-time high last month.
That’s for sure a massive outperformance of the S&P 500, which has resumed its year-long slide and is down almost -24 percent for 2022. And with the exception of oil and gas stocks, utilities are also well ahead of almost everything else in the income investing universe, particularly bonds with the 10-year Treasury note yield again pushing towards 4 percent.
The 2022 bear market for stocks and bonds entered a new, more destructive phase last month, following the Federal Reserve’s 75 basis point increase in the Fed Funds rate. And there’s every indication things will get worse before they improve.
Since the beginning of 2022, the Japanese Yen has dropped by almost -20 percent against the US dollar. That’s shrunk a 29.8 percent year-to-date local market gain in shares of dominant Japanese telecom Nippon Telegraph and Telephone (Tokyo: 9432, OTC: NTTYY) to a return of just 1.3 percent in US dollar terms.
Roger's favorite utilities for investors seeking superior price appreciation by taking calculated risks.
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Roger's current take and vital statistics on more than 200 essential-services stocks.