3 Stocks I’m Buying (October 2023)

High-yield savings accounts and treasury bills are all the rage.

But I’m more interested in dependable utility companies.

These firms have a steady source of recurring revenue. And, many well-managed utility companies are able to reward shareholders with annual dividend raises that outpace inflation.

Best of all, this sector is in a slump, with many quality companies trading at multi-year lows.

So while I’m using my opportunity fund to buy the dip in premium stocks like American Express and Broadridge Financial, the three new stocks I’m buying this month are all utility service providers.

1. Northwest Natural Holding Company ($NWN)

Northwest Natural Holding Company is a Dividend King that’s paid non-stop rising dividends since 1956.

This is a regulated gas utility company with a core business model serving 2.5 million customers in Oregon and Southwest Washington. However, Northwest Natural is also expanding into other markets and services.