CenterPoint Energy: Consider This High Yield, Low Growth Utility

Summary
I've written about several utility companies lately. They varied in growth and dividend yield.
In one article, I said Southern Company should be avoided at the moment.
In this article, I will write about investing in CenterPoint Energy, which I believe is a superior high yield, low growth utility.
Introduction
As I've written in several of my articles, I usually divide my dividend growth stocks in two ways. The first is by sector, which helps me diversify my portfolio. The second is by the state of the company. I then divide the companies into three types. The first is companies with low yield and high growth, the second is medium yield and medium growth, and the third is high yield and low growth. Sometimes you can find some bargains and get a high growth company for medium or even high yield, but usually the market knows how to price stocks.
I've written about several utilities lately. These utilities were divided between these three groups. I wrote about ITC holdings (NYSE: ITC) which has low yield and high growth; Wisconsin Energy (NYSE: WEC) -- my personal favorite -- which has medium growth and medium yield; and Southern Company (NYSE: SO), which has high yield and low growth. I also wrote in March about Avista (NYSE: AVA), which also shows medium growth and medium yield.
Retirees and older people look for the current yield, and therefore agree to accept the extremely low growth shown by some companies. In this article, I will... Read more