Reaves' CEO Rhame: Despite high-rate, high-inflation market, utilities are worth a look

Jay Rhame, chief executive officer at Reaves Asset Management -- president of the Reaves Utility Income Fund -- says that the dividend-growth potential for utility companies makes them a viable investment option in today's high interest-rate  high inflation market. While those conditions typically are not ideal for utilities, Rhame says utility stocks are reasonably valued; he also discusses infrastructure stocks, again pointing out that their consistent dividend-paying strategy and potential to grow dividends makes them attractive in a market where yields on fixed-income have improved.