I have already taken a position in National Grid (NGG) and will also take a position in SSE (previously known as Scottish and Southern Energy) . When I find a sector attractive due to its dividend yields, I prefer to diversify by buying more than 1 stock from that sector.
To help me with my decision-making, I decided to subscribe to the purely quantitative Robo-Analyst Report Stockreports+ by ThomsonReuters. IBKR gave me a free trial and I liked the way it summarised useful quantitative information and also gave a peer comparison. Also, Morningstar did not have a recent report of National Grid. As for Motley Fool, they love this share, just like they love almost any share with a high dividend yield.
In the fundamentals section of the report, the Robo-Analyst Looks at:
- Profitability: Revenue Growth, Gross Margin, RoE, Net Margin
- Debt: Current Ratio, Debt-to-Capital, Interest Funding, Interest Coverage
- Earnings Quality: Operating Cash Yield, Accruals, Days Sales to Inv, Days Sales in Rec.
- Dividend: Dividend Growth, Dividend Payout, Dividend Coverage, Current Div. Yield