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  • Roger S. Conrad

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.

Articles

Income Stocks in a Sell Everything Moment

By Roger S. Conrad on Oct. 10, 2022

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.

It’s A Bear Market, But No Time to Give Up on Utility Stocks

By Roger S. Conrad on Oct. 10, 2022

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.

Nippon Telegraph and Telephone: Solid Franchise with a Currency Kicker

By Roger S. Conrad on Oct. 10, 2022

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.

Brookfield Renewable: Growing in a Hot Market When Others Can’t

By Roger S. Conrad on Oct. 10, 2022

Bloomberg New Energy Finance reports wind and solar power combined produced 10.5 percent of global electricity in 2021. They also accounted for a record 75 percent generating capacity entering service. And output will grow another 8 percent this year to nearly 320 GW, according to the International Energy Agency.

What to Do When Everything Gets Hit

By Roger S. Conrad on Oct. 10, 2022

Utilities have been dropping for roughly a month. And despite the sector’s robust long-term outlook, it’s likely we’ll see lower prices still in the coming weeks.

Dividend Cuts: Reasons are Important

By Roger S. Conrad on Oct. 10, 2022

This year is shaping up as a banner one for dividend increases in the Utility Report Card coverage universe. So far, 103 of the 179 companies tracked have raised their payouts at least once. And I count roughly three-dozen more that will almost certainly deliver a boost between now and December 31.

Dream Buys in the Dividend Stock Selloff

By Roger S. Conrad on Sep. 30, 2022

“Dream Buy” prices are levels of valuation that historically have been reached only under extremely bad market conditions. But provided underlying businesses stay strong, buyers there will realize windfall gains.

Utilities are Bear Market Champions So Far

By Roger S. Conrad on Sep. 8, 2022

Stocks’ summer rally swung into reverse starting mid-August. And with the Federal Reserve pushing hard against stubbornly high inflation, it’s unlikely we’ve seen maximum damage or duration of what’s looking more and more like a real bear market.

Among the very few pockets of strength are regulated utilities. Even as the S&P 500 is again at a -17 percent year-to-date loss and income benchmark iShares Select Dividend ETF is in the red by -1.6 percent, the Dow Jones Utility Average is well in the black with a 5.66 percent total return.

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