Getting a Tax Refund? 3 Exciting Stocks to Buy With Your Refund Check.
2025-03-09 10:46:00 ET
The Internal Revenue Service (IRS) has already processed more than 29.6 million tax refunds this year, up 2.3% from last year. The average taxpayer is getting $3,453 apiece, a 7.5% increase from last year. If you're one of those getting a refund this year, you might be wondering what to do with your windfall.
Investing it is a great option. Black Hills (NYSE: BKH) , Targa Resources (NYSE: TRGP) , and Enterprise Products Partners (NYSE: EPD) stand out to a few Fool.com contributors as exciting stocks to consider buying with your tax refund . Here's what makes them such thrilling investments.
Reuben Gregg Brewer (Black Hills): It would be understandable for investors to question if there was anything exciting about a regulated utility like Black Hills. There is. First is the dividend, which at 4.4% is well above the 1.2% yield from the broader market, greater than the 2.9% yield of the average utility, and historically high for Black Hills. Black Hills also happens to be one of the few utilities to achieve Dividend King status , with 55 annual dividend increases backing its lofty yield.