The article discusses the current volatile state of the markets, highlighting a downward trend in the tech-heavy NASDAQ largely driven by tariff concerns. It emphasizes the robustness of dividend-paying utility stocks, particularly Exelon, which is experiencing positive price target revisions and strong financial performance. Analysts predict further dividend growth in the utility sector, showcasing its appeal as a safer investment during turbulent market conditions. The article suggests that investors might find stability and potential returns in these defensive stocks despite overall market chaos.
"Utilities continue to grow their dividends at an impressive rate," said Morningstar energy and utility analysts Travis Miller and Andrew Bischof. "Nearly all utilities have already announced dividend increases for 2025 or are on track to announce increases in the near future."
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