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Stocks with high dividend yields beat the overall market by an average of 1.36% per year between 1927 and 2009. We like high-dividend stocks since they generally perform better and usually increase dividend payments over the succeeding 5 to 10 years. In addition, we encourage the investors to play defensively during the recent market turmoil by investing in high-dividend stocks, as we are concerned about the Fed’s inflationary monetary policy.

Below we compiled a list of top 19 high-dividend utilities stocks. All companies have a market cap of over $10 billion and a dividend yield of at least 4%. The market data is sourced from Finviz.

Ticker

Company

Dividend Yield

YTD Return

(NYSE:FE)

FirstEnergy Corp.

4.95%

24.98%

(NYSE:PGN)

Progress Energy Inc.

4.92%

20.79%

(NYSE:ED)

Consolidated Edison Inc.

4.22%

18.81%

(NYSE:SO)

Southern Company

4.49%

14.21%

(NYSE:NGG)

National Grid plc

6.00%

13.99%

(NYSE:DUK)

Duke Energy Corporation

5.13%

13.91%

(NYSE:PPL)

PPL Corporation

4.92%

12.48%

(NYSE:TRP)

TransCanada Corp.

4.41%

7.76%

(NYSE:XEL)

Xcel Energy Inc.

4.24%

7.41%

(NYSE:PEG)

Public Service Enterprise Group

4.15%

7.24%

(NYSE:AEP)

American Electric Power Co.,

4.96%

7.07%

(NYSE:NEE)

NextEra Energy, Inc.

4.12%

5.73%

(NYSE:EXC)

Exelon Corp.

4.96%

5.64%

(NYSE:CIG)

Cia Energetica de Minas Gerais

7.34%

-2.74%

(NYSE:ETR)

Entergy Corporation

5.17%

-5.86%

(NYSE:CPL)

CPFL Energia S.A.

7.16%

-7.57%

(NYSE:PCG)

PG & E Corp.

4.28%

-9.25%

(NYSE:EOC)

Empresa Nacional de Electricidad

4.84%

-22.01%

(NYSE:ENI)

Enersis S.A.

4.68%

-25.48%

Here are the top 10 high-dividend-yielding utilities stocks with the best performance since the beginning of this year.

FirstEnergy Corp: FirstEnergy holds eight principal electric utility operating subsidiaries. FE has a dividend yield of 4.95% and returned 24.98% since the beginning of this year. It has a market cap of $18.6B and a P/E ratio of 25.13. Jean-Marie Eveillard invested nearly $500 million in FE shares.

Progress Energy Inc.: Progress Energy is a utility holding company engaged in the regulated electric utility business. PGN has a dividend yield of 4.92% and returned 20.79% since the beginning of this year. It has a market cap of $14.9B and a P/E ratio of 17.45. Cliff Asness invested $66 million in PGN shares.

Consolidated Edison Inc.: Consolidated Edison is engaged in electric, gas and steam delivery businesses. ED has a dividend yield of 4.22% and returned 18.81% since the beginning of this year. It has a market cap of $16.7B and a P/E ratio of 15.59. Michael Messner invested $35 million in ED shares.

Southern Company: Southern Company supplies electric service. SO has a dividend yield of 4.49% and returned 14.21% since the beginning of this year. It has a market cap of $36.1B and a P/E ratio of 17.92. Phill Gross and Robert Atchinson had over $100 million invested in SO (check out their top stock picks).

National Grid plc: National Grid is an international electricity and gas company. NGG has a dividend yield of 6.00% and returned 13.99% since the beginning of this year. It has a market cap of $34.7B and a P/E ratio of 9.79. Charles Clough had $67 million invested in NGG shares.

Duke Energy Corporation: Duke Energy is an energy company primarily located in the Americas. DUK has a dividend yield of 5.13% and returned 13.91% since the beginning of this year. It has a market cap of $25.9B and a P/E ratio of 12.66. Michael Messner and Israel Englander both had about $30 million invested in DUK shares (check out Englander’s top stock picks).

PPL Corporation: PPL is an energy and utility holding company. PPL has a dividend yield of 4.92% and returned 12.48% since the beginning of this year. It has a market cap of $16.5B and a P/E ratio of 11.39. Phill Gross and Robert Atchinson had $83 million PPL stock. Steven Cohen also had $67 million in PPL shares (check out Cohen’s top stock picks).

TransCanada Corp.: TransCanada is a North American energy infrastructure company focused on natural gas pipelines, oil pipelines and energy. TRP has a dividend yield of 4.41% and returned 7.76% since the beginning of this year. It has a market cap of $28.2B and a P/E ratio of 19.49.

Xcel Energy Inc.: Xcel Energy serves electric and natural gas. XEL has a dividend yield of 4.24% and returned 7.41% since the beginning of this year. It has a market cap of $11.9B and a P/E ratio of 14.41. John A. Levin invested $17 million in XEL shares.

Public Service Enterprise Group Inc.: PSEG is an integrated generation and energy services company. PEG has a dividend yield of 4.15% and returned 7.24% since the beginning of this year. It has a market cap of $16.7B and a P/E ratio of 10.36. Phill Gross and Robert Atchinson owned $69 million of PEG shares.

Disclosure: I am long FE, PEG.