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Defensive investors like high-dividend-yielding stocks and consider them as viable options, especially in inflationary environments. Additionally, they also select companies with consistent growth in order to achieve sustainable profits. We are concerned about the Fed’s inflationary monetary policy and therefore we recommend investors to play defensively by purchasing dividend stocks with consistent growth rates.

Some sectors, like the utilities sector, contain many high-dividend-yielding stocks that have achieved consistency in earnings growth. Below we compiled a list of high-dividend utilities stocks with consistent growth. All companies have at least $2 billion market cap, dividend yields higher than 3% and EPS growth rate above 10% per year over the past five years. The market data is sourced from Finviz.

Ticker

Company

Dividend Yield

EPS growth

YTD Return

APU

AmeriGas Partners LP

7.02%

20.59%

-7.93%

CMS

CMS Energy Corp.

4.10%

13.09%

14.93%

D

Dominion Resources, Inc.

3.84%

27.34%

23.86%

DPL

DPL Inc.

4.37%

20.95%

22.63%

DTE

DTE Energy Co.

4.62%

19.26%

16.37%

EXC

Exelon Corporation

4.67%

22.41%

12.20%

LNT

Alliant Energy Corporation

4.10%

40.22%

17.84%

NEE

NextEra Energy, Inc.

4.01%

15.19%

8.76%

NU

Northeast Utilities

3.26%

15.07%

8.32%

NVE

NV Energy, Inc.

3.36%

16.78%

12.98%

PEG

Public Service Enterprise Gr

4.14%

12.39%

7.34%

AmeriGas Partners LP is a retail propane distributor in the United States. APU has a dividend yield of 7.02% and its EPS grew at 20.59% per year in the past five years. It has a market cap of $2.4B, a P/E ratio of 26.34, and lost 7.93% since the beginning of this year. Jim Simons held $2.55 million of APU stocks at the end of June.

CMS Energy Corp. is an energy company operating primarily in Michigan. CMS has a dividend yield of 4.10% and its EPS grew at 13.09% per year in the past five years. It has a market cap of $5.2B, a P/E ratio of 13.3, and returned 14.93%since the beginning of this year. Israel Englander had $44 million invested in CMS.

Dominion Resources, Inc. is a producer and transporter of energy. D has a dividend yield of 3.84% and its EPS grew at 27.34% per year in the past five years. It has a market cap of $29.2B, a P/E ratio of 19.57, and returned 23.86% since the beginning of this year. Charles Clough had $14 million of D shares.

DPL Inc. is a regional energy company. DPL has a dividend yield of 4.37% and its EPS grew at 20.95% per year in the past five years. It has a market cap of $3.6B, a P/E ratio of 16.46, and returned 22.63% since the beginning of this year. Douglas Hirsch and Jim Simons are the main holders of DPL.

DTE Energy Co. is a diversified energy company. DTE has a dividend yield of 4.62% and its EPS grew at 19.26% per year in the past five years. It has a market cap of $8.6B, a P/E ratio of 12.15, and returned 16.37% since the beginning of this year. Cliff Asness invested more than $31 million in DTE.

Exelon Corporation is a utility services holding company. EXC has a dividend yield of 4.67% and its EPS grew at 22.41% per year in the past five years. It has a market cap of $29.8B, a P/E ratio of 12.39, and returned 12.20% since the beginning of this year. Steven Cohen had $60 million invested in EXC.

Alliant Energy Corporation operates as a regulated investor-owned public utility holding company. LNT has a dividend yield of 4.10% and its EPS grew at 40.22% per year in the past five years. It has a market cap of $4.6B, a P/E ratio of 15.72, and returned 17.84% since the beginning of this year. Jim Simons invested $8.2 million in LNT stocks.

NextEra Energy, Inc. is an electric power company in North America and the United States. NEE has a dividend yield of 4.01% and its EPS grew at 15.19% per year in the past five years. It has a market cap of $23.2B, a P/E ratio of 15.12, and returned 8.76% since the beginning of this year. Phill Gross and Robert Atchinson invested $67 million in NEE stocks.

Northeast Utilities is engaged in the energy delivery business. NU has a dividend yield of 3.26% and its EPS grew at 15.07% per year in the past five years. It has a market cap of $6.0B, a P/E ratio of 14.16, and returned 8.32% since the beginning of this year. Robert Millard and Jim Simons both invested about $20 million in NU stocks.

NV Energy, Inc. is an investor-owned holding company. NVE has a dividend yield of 3.36% and its EPS grew at 16.78% per year in the past five years. It has a market cap of $3.7B, a P/E ratio of 18.22, and returned 12.98% since the beginning of this year. David Dreman invested $38 million in NVE.

Public Service Enterprise Group Inc. is an integrated generation and energy services company.PEG has a dividend yield of 4.14% and its EPS grew at 12.39% per year in the past five years. It has a market cap of $16.7B, a P/E ratio of 12.53, and returned 7.34% since the beginning of this year. Jim Simons had $27 million invested in PEG stocks.

Source: 11 Consistently Growing, High-Yield Utilities