Tuesday, September 1, 2009

Duke Energy (DUK)

Look at Duke Energy [DUK]. This utility, which is a type of stock that works during a recession, yields about 5.9%, and Duke not only has been paying its dividend consistently for 82 years but also increased the payout this year. (Cramer recommends looking for companies with a history of raising their dividends.) Investors who buy Duke at its current yield level and reinvest the dividends will double their money after 12 years, again even if the stock stays flat.

Source: stockpickr

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