S&P 500 Utilities with Above-Average Dividend Yields
On March 21, 2018, the Fed, under the chairmanship of Jerome Powell, delivered its first 2018 rate hike of a quarter of a point. Utilities, which are generally perceived as rate-sensitive, continue to be the yield leaders in the broader markets. The Utilities Select Sector SPDR ETF (XLU), which tracks the S&P 500 Utilities Index, is currently trading at a dividend yield of 4.3%, while the broader markets are currently yielding 1.8%.