Evergy is recommended as a safe dividend play in the utility sector, offering a 4% yield and stability during market downturns. The company has a sustainable payout ratio of 68% and a strong commitment to cash return, demonstrated by 9% annual dividend growth, significantly higher than its peers.
“Evergy is a smaller player in the regulated utilities Market with 1.6 million customers in Kansas and Missouri along with good exposure to that renewable segment.”