Find your safety net (article) In times of uncertainty and potential insolvency, you must also have a safety net. Among the safest income stock choices is Emera (TSX:EMA). The $12.91 billion company engages in the generation, transmission, and distribution of electricity — a 24/7 need. Hence, the business model is low risk.
About 65% of Emera’s earnings come from residential, commercial, and industrial end users in the United States. The total number of customers in North America and the Caribbean is roughly 2.5 million. Since its portfolio of electric and natural gas utilities and natural gas pipelines are predominantly regulated, revenue streams are stable and recurring.
Prospective investors can expect uninterrupted dividend payments, too. At $51.79 per share, the dividend yield is a 4.92%. An initial $100,000 position in Emera can produce $4,920 in passive income. If you hold the utility stock for 20 years, your capital will compound to $216,315.78.
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