11-25-2020, 07:51 AM
Sorry about that, it's just "fenders slang" for utility stocks. I don't know if I invented it or stole it 20 years ago. 
I've gotten back a few hours of my life by abbreviating utilities as UTE.
Anyway, there are probably a dozen or so top notch large utilities. The best of the best and just a few pay both above average dividends, and consistently grow the business. Until such time as the sector corrects, it's hard to find both but DUK is among them. There are many solid UTEs that yield sub 2%, but that wasn't what you were looking for.
I've gotten back a few hours of my life by abbreviating utilities as UTE. Anyway, there are probably a dozen or so top notch large utilities. The best of the best and just a few pay both above average dividends, and consistently grow the business. Until such time as the sector corrects, it's hard to find both but DUK is among them. There are many solid UTEs that yield sub 2%, but that wasn't what you were looking for.