Atmos Energy

Atmos Energy is one of the largest natural gas distribution utilities in the United States, delivering gas to millions of customers primarily across Texas and other southern and midwestern states. Its business is almost entirely regulated, and it invests steadily in modernising and expanding its pipeline network, a capital programme that drives predictable rate-based earnings growth. Atmos has raised its dividend for around three decades, funded by the reliable cash flows of a regulated gas distributor. The yield is modest, but the record of steady increases is a defining strength. The payout grows in step with the regulated asset base, making the stock a solid choice for income investors who prioritise dependability and a long history over an elevated current yield.