Top S&P 500 Dividend Stocks #8 – Teco Energy (TE)
Teco Energy (TE) first broke into the top 10 S&P 500 dividend stocks in February, and it has stayed there with its generous yield … but the share price has been very fickle.
TE stock is up less than 2% YTD, giving up gains of as much as 6% in late April. TE stock also was off by as much as 6% back in February.
The utility sector is having a tremendous year, but TE stock hasn’t been participating. For the most recent quarter, TE missed earnings and revenue forecasts.
Simply put, if Teco isn’t going to be lifted by the waters buoying utilities generally, it needs some beat-and-raise quarters to get the stock moving again. Until then, the dividend yield will have to do the heavy lifting for total return.