A Utility Penny Stock with a Bullish Outlook and Monthly Income

Like almost everything else, the deregulation of energy has proponents on both sides of the fence. There are those who think it is a bad idea, resulting in increased costs, and declining reliability. Then, there are those who maintain that deregulation has allowed competitive energy suppliers to enter the markets. In deregulated markets, consumers finally have a choice for their supplier.

Love them or hate them, there are a number of publicly traded, diversified utility companies that should be on your penny stock investing radar.

The industry also has a number of penny stocks that provide strong dividend yields, delivering to you reliable monthly or quarterly payments.

Just Energy Group Inc. (NYSE/JE; TSX/JE) is a market leader in a growing, relatively new industry—deregulated utility services, and operates in six Canadian provinces, and in 13 states. The penny stock has diversified revenue and profit sources from a variety of energy-related products sold to a range of customer groups across North America.

Just Energy has generated predictable, reliable operating results, regardless of weather or economic conditions. Further, a very high return on invested capital allows Just Energy to grow and maintain a high payout ratio; in 2011, the penny stock had a dividend yield of 9.1%. Paid monthly, the penny stock’s current dividend yield is 12.5%.  (more)