There are 30 electric utilities that yield 4% or more, in addition to providing relative safety, security, and stability. WallStreetNewsNetwork.com has come up with a list of numerous electric utility stocks that pay high dividends. Historically, utilities have paid favorable dividends for many years with low volatility.
Here are some examples of utility stocks that pay higher yields than what you would receive on a CD.
- FirstEnergy Corp. (NYSE:FE) has a yield of 6%, and has a forward P/E of 9.4.
- Integrys Energy Group, Inc. (NYSE:TEG) has a yield of 5.6%, and has a forward P/E of 14.6.
- Pinnacle West Capital Corporation (NYSE:PNW) has a yield of 5.8%, and has a forward P/E of 11.9.
- Westar Energy, Inc. (NYSE:WR) has a yield of 5.3%, and has a forward P/E of 13.1.
Disclosure: Author does not own any of the above.