Dividend growth investing is arguably one of the best ways investors can grow their wealth, and eventually, retire on. The utility sector, in particular, usually displays above-average yields, with many companies offering slow but reliable dividend growth opportunities, as they enjoy stable and less volatile cash flows compared to other industries.
Around a month ago, we covered California Water Service (CWT), whose 52-year dividend growth record is a testament to the resiliency and long-term capital returns utility companies, especially those involved in providing water, can achieve. However, as we discussed in that article,