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Limitations on the further benefit for electric utlity stocks from falling capital costs

Journal Article · · Public Util. Fortn.; (United States)
OSTI ID:5528676
A combination of improved earnings and a decline in the yields that competing securities offer has provided the thrust for a rise in utility stock prices. The author examines the overall bond market and interest rates, and concludes that a further decline in interest rates may be partially negated by regulators through a decline in allowed rates of return on equity that produce a drop in the dividend growth rate investors expect from utility stocks.
OSTI ID:
5528676
Journal Information:
Public Util. Fortn.; (United States), Journal Name: Public Util. Fortn.; (United States) Vol. 116:2; ISSN PUFNA
Country of Publication:
United States
Language:
English

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