This Utility Has A 4.94% Yield And Sells For Less Than Book
AGRAvangrid(AGR) Forbes·2024-09-04 23:01

Avangrid has been named as a Top 10 dividend paying utility stock, according to Dividend Channel, which published its weekly ''DividendRank'' report. The report noted that among utilities, AGR shares displayed both attractive valuation metrics and strong profitability metrics. For example, the recent AGR share price of $35.66 represents a price-to-book ratio of 0.7 and an annual dividend yield of 4.94% — by comparison, the average utility stock in Dividend Channel's coverage universe yields 3.9% and trades ...