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Dividend Stock #10 Unisource Energy (UNS)

Unisource Energy (NYSE: UNS)Unisource Energy (NYSE: UNS) is an energy utility based in Arizona that provides gas and electric service in the Southwest across some 1,200 square miles.

  • Current Yield: 4.5% ($1.68 a share annually)
  • Dividend History: In June 2010, Unisource paid a quarterly dividend of 39 cents a share. This June, it will pay 42 cents, or a nearly 8% increase.
  • Dividend Outlook: According to Bloomberg, Unisource has a very impressive three-year dividend growth rate expected to be 16.9%.
  • Recent Performance: UNS stock has basically tracked the market over the last year or so, but more importantly, this low-risk utility has added about 25% in the last five years — more than double the Dow.
  • Strong Outlook for Shares: While there’s nothing to indicate this utility will blow the doors off in 2011, Unisource is a low-risk income investment that has seen good revenue growth from 2009 to 2010, and is on track for another solid year. Shares are approaching a new 52-week high and could continue to march higher.

Jeff Reeves is editor of Follow him on Twitter via @JeffReevesIP and become a fan of InvestorPlace on Facebook.

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