“Analysts say fewer utility companies are likely to raise their dividends, and those that do will boost them by smaller amounts, as an array of forces weigh on profits, including sluggish power demand, creeping interest rates and competition from new, customer-owned sources of electricity, such as solar panels,” reports Rebecca Smith for the Wall Street Journal.
Investors looking for a sector that has proven resilient in the face of past rising rate environments and has seen noticeable dividend growth should try technology. [Tech ETFs: Legitimate Rising Rates Plays]
Vanguard Utilities ETF
ETF Trends editorial team contributed to this post.