Duke Energy reported a strong Q1 with revenue growing over 10% year-over-year and net profit reaching $1.54 billion, boosted by a $652 million gain from asset sales. The company maintains solid financial health, supporting confidence in its ability to meet fixed income obligations. Its 5.725% junior subordinated debentures (DUKB) offer a 6.01% yield, presenting a better risk/reward profile compared to preferred shares. The analyst recommends buying both DUK baby bonds and preferred shares but prefers baby bonds for their higher yield and lower risk, making them attractive for steady income investors.
A $50,000 annual income from a $1 million portfolio can translate into very different spending power for retirees depending on tax rates, Medicare premiums, and inflation. Qualified dividends in low-tax states preserve more income, while REIT distrib...
The Utilities Select Sector SPDR Fund (XLU), focused on regulated utilities, has gained 7.03% year-to-date, lagging behind the First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID), which is up over 23%. GRID invests in equipment ...
The Duke Energy Foundation awarded $186,100 to 16 nonprofit organizations across North Carolina as part of its America250 initiative, supporting local projects that celebrate the nation's 250th anniversary. These grants fund diverse efforts including...
