Stocks drop amid Fed, concerns over Trump agenda >>> READ MORE

5 Top Dividend Stocks for December

Plus "dead" dividend stocks to avoid

      View All  

#3 – Westar Energy

Westar Energy

image link

Westar Energy, Inc. (NYSE: WR) is another electric utility I like for December.

One of the difficulties in making money from wind-power generation on the Great Plains has been a lack of transmission capabilities for power companies to move wind power from the open plains into the cities where it is in demand. To fix that problem, Prairie Wind Transmission, a joint venture between Westar and Electric Transmission America, is working to build a 345-kv transmission line from windy areas of Kansas to population centers in the region.

The new transmission cables are a great plan for long-term growth. And with a nearly 5% dividend yield and payouts since 1924, Westar has a nice income angle for investors as well.

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC