Reaves' CEO Rhame: Despite high-rate, high-inflation market, utilities are worth a look
The NAVigator · Active Investment Company Alliance
Audio is streamed directly from the publisher (traffic.libsyn.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Jay Rhame, chief executive officer at Reaves Asset Management -- president of the Reaves Utility Income Fund -- says that the dividend-growth potential for utility companies makes them a viable investment option in today's high interest-rate high inflation market. While those conditions typically are not ideal for utilities, Rhame says utility stocks are reasonably valued; he also discusses infrastructure stocks, again pointing out that their consistent dividend-paying strategy and potential to grow dividends makes them attractive in a market where yields on fixed-income have improved.