Make your money go further for just 25p per day


Telecom Plus: Utility income without the risk?

Telecom Plus lightbulb

Many of the UK’s big energy utility stocks offer high dividend yields but uncertain outlooks. And while price comparison sites are performing well, the dividend yields available from these companies are a little too low for our Income Booster portfolio. What we need is a business that combines the profitability of price comparison with the long-term focus of a utility. We think we've found just such a company in the FTSE 250.

Shareholders at utility buying club Telecom Plus (LON: TEP) have enjoyed 13 consecutive years of dividend growth and today the shares offer a yield of 4.8%. We think this unusual business could be a good defensive play for income investors in uncertain economic conditions.

A unique business?

Telecom Plus is better known to its customers as Utility Warehouse. It is structured as a discount club for utilities, broadband, mobile and home insurance which means customers benefit from the…

Continue reading our content…

Gain access to all our excellent content for just £90 per year, that’s just 25p per day for financial freedom.
  • Unlimited access to our market-beating portfolios
  • In-depth coverage of many of the world’s great companies
  • Unique insights from our top research team
Register FREE for access to limited content.
  • Company and markets insights
  • Sponsored content
  • Podcasts

Previous article Next article


Get top investment ideas to help safeguard and grow your wealth.

Invaluable insight from the exciting world of smaller companies.



Become a champion investor for just £90 a year. Benefit from our high performing portfolios:


More on Telecom Plus

Income Boosters: Jan ‘24 portfolio update

08/01/2024 · Portfolio

After a strong end to 2023, our Income Boosters dividend portfolio now offers a forecast yield of…

Income Boosters: value for dividend investors

26/11/2023 · Portfolio

Our high-yield Income Boosters portfolio remains on track to deliver a 6% yield this year. (Premium)

More Portfolio

Income Boosters: July ‘24 portfolio update

Ultimate Stocks Portfolio update: creative excellence

21/06/2024 · Adobe · Games Workshop · Microsoft · Walt Disney

Income Boosters: a new stock with an 8% yield

Sign-up to our free email updates