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home / news releases / XLU - A Biden Tax Hike Could Give Utility Stocks A Boost: Buy UTF And UTG

XLU - A Biden Tax Hike Could Give Utility Stocks A Boost: Buy UTF And UTG

SPDR Select Sector Fund - Utilities
  • Biden promised to roll back the Trump tax cuts.
  • Utilities can benefit from higher taxes.
  • With higher individual tax rates, the qualified dividends from utilities become more attractive.
  • Utilities also are a defensive sector that will benefit from more infrastructure spending.
  • UTF and UTG are a great way to bet on this sector with yields of 7.3% and 6.5%, respectively.

For further details see:

A Biden Tax Hike Could Give Utility Stocks A Boost: Buy UTF And UTG
Stock Information
Company Name: SPDR Select Sector Fund - Utilities
Stock Symbol: XLU
Market: NYSE
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