Utility stocks refer to shares of companies that provide essential services such as electricity, water, and natural gas. These companies are generally considered to be stable and less volatile than those in other sectors, as they offer necessary services regardless of economic conditions. Utility stocks often feature consistent dividends, making them appealing for income-seeking investors. They tend to perform better during economic downturns but may lag behind during economic booms when growth-oriented sectors thrive. The utility sector is classified into different categories, including electric utilities, gas utilities, and water utilities, each providing critical infrastructure and services to consumers and businesses.
The innovative service, **Kaband**, which offers users stocks based on their utility expenses, recently shared intriguing data about its clientele, shedding light on their financial profiles. The average income of…