Best Utility Ddividend Stocks for High Returns in 2024
Utility dividend stocks are a popular choice for investors seeking stability and consistent income. The utility sector, which includes companies providing essential services like electricity, water, and natural gas, is known for its reliable cash flows and resilience even during economic downturns. Many utility companies have a long history of paying steady dividends, making them attractive to income-focused investors. With the growing demand for clean energy and infrastructure investment, the utility industry offers both stability and growth potential. We’ll explore some of the best utility dividend stocks and why this sector is a solid choice for building a reliable, income-generating portfolio.
| Stock | Dividend Yield | Pay-out Ratio | P/E Ratio | P/B Ratio | ROE | 5y Dividend Growth | 10y Dividend Growth |
|---|---|---|---|---|---|---|---|
| NextEra Energy | 3.31% | 59.48% | 22.55% | 3.13% | 0.14% | -15.88% | -3.39% |
| Duke Energy | 4.60% | 92.18% | 20.03% | 1.76% | 0.09% | 2.24% | 2.77% |
| Dominion Energy | 4.63% | 91.87% | 19.86% | 1.76% | 0.09% | -4.38% | 1.73% |
| Southern | 3.23% | 63.19% | 20.43% | 2.90% | 0.15% | 3.16% | 3.28% |
| American Electric Power | 4.76% | 71.42% | 18.69% | 745.31% | 0.14% | 5.90% | 5.62% |
| Exelon | 5.89% | 61.77% | 15.85% | 1.45% | 0.09% | 0.85% | -0.10% |
| Xcel Energy | 3.90% | 61.08% | 20.83% | 2.02% | 0.10% | 6.47% | 6.48% |
| Sempra | 2.66% | 55.75% | 19.19% | 7.41% | 0.13% | -0.06% | 3.54% |
| PPL | 3.77% | 89.20% | 30.17% | 1.76% | 0.06% | -10.16% | -4.17% |
| Consolidated Edison | 3.44% | 59.16% | 18.11% | 1.52% | 0.09% | 2.53% | 2.79% |
| Eversource Energy | 4.56% | -135696.54% | -40.48% | 1.48% | -0.04% | 5.97% | 3.93% |
| FirstEnergy | 5.06% | 107.74% | 26.94% | 1.93% | 0.07% | 1.87% | -3.26% |
| CenterPoint Energy | 1.94% | 53.06% | 20.77% | 1.90% | 0.09% | -7.05% | -0.75% |
| Entergy | 3.84% | 55.71% | 18.11% | 2.12% | 0.12% | 3.93% | 2.72% |
| Public Service Enterprise | 3.38% | 58.12% | 21.55% | 2.72% | 0.13% | 4.84% | 4.70% |
| Alliant Energy | 4.01% | 73.22% | 23.26% | -21.18% | 0.13% | 6.18% | -0.38% |
| Ameren | 3.63% | 61.87% | 21.46% | 3.36% | 0.11% | 6.41% | 4.65% |
| PG&E | 0.19% | 3.11% | 16.28% | 1.68% | 0.11% | 0.00% | 0.00% |
| CMS Energy | 3.02% | 58.64% | 19.63% | 2.53% | 0.13% | 6.40% | 6.70% |
| NiSource | 3.66% | 62.40% | 21.15% | 1.96% | 0.10% | 5.09% | 0.20% |
| Pinnacle West Capital | 4.82% | 63.78% | 16.98% | 1.58% | 0.10% | 4.25% | 4.67% |
| Avangrid | 6.14% | 60.70% | 12.36% | 0.70% | 0.06% | 0.18% | 0.00% |
| IDACORP | 3.60% | 60.91% | 22.11% | 1.91% | 0.09% | 5.92% | 7.38% |
| NorthWestern | 5.87% | 69.66% | 14.92% | 1.20% | 0.08% | 3.08% | 5.35% |
| Otter Tail | 2.26% | 25.27% | 11.17% | 2.08% | 0.20% | 5.49% | 3.93% |
| MDU Resources | 3.50% | 25.81% | 9.33% | 1.21% | 0.13% | -2.64% | 0.01% |
| Atmos Energy | 2.20% | 46.52% | 21.80% | 1.84% | 0.09% | 8.85% | 7.86% |
| New Jersey Resources | 4.54% | 68.50% | 19.98% | 2.20% | 0.11% | 7.47% | -0.12% |
| WEC Energy | 3.33% | 80.41% | 24.17% | 1.26% | 0.08% | 7.14% | 8.00% |
| Black Hills | 4.13% | 67.96% | 16.75% | 1.28% | 0.08% | 5.31% | 5.10% |
| Spire | 5.63% | 72.16% | 15.74% | 1.16% | 0.08% | 5.04% | 5.45% |
| Avista | 4.97% | 74.16% | 15.18% | 1.18% | 0.08% | 4.31% | 4.19% |
| Essential Utilities | 2.36% | 62.44% | 19.96% | 1.76% | 0.09% | 6.99% | 5.55% |
| DTE Energy | 4.25% | 51.93% | 16.24% | 2.14% | 0.14% | 1.54% | 4.14% |
| National Fuel Gas | 3.29% | 234.87% | 72.38% | 1.97% | 0.02% | 3.01% | 2.78% |
| Southwest Gas | 3.24% | 97.81% | 30.28% | 1.59% | 0.05% | 3.83% | 6.80% |
| Edison International | 3.73% | 83.84% | 21.42% | 2.07% | 0.10% | 4.27% | 8.15% |
| Portland General Electric | 6.22% | 57.14% | 14.37% | 1.36% | 0.10% | 5.63% | 5.54% |
| Excelerate Energy | 0.36% | 3.57% | 0.01% | 0.00% | 0.12% | 0.00% | 0.00% |
| PG&E | 0.19% | 3.11% | 16.28% | 1.68% | 0.11% | 0.00% | 0.00% |
| AES | 6.17% | 49.42% | 10.40% | 3.02% | 0.32% | 5.00% | 15.29% |
| TransAlta | 2.40% | 18.61% | 6.85% | 2.36% | 0.35% | 4.15% | -17.77% |
| Fortis | 2.79% | 48.41% | 18.73% | 1.38% | 0.07% | 4.81% | 3.15% |
| Brookfield Infrastructure Partners | 4.67% | -1574.60% | -250.64% | 0.00% | -0.01% | -4.04% | -1.17% |
| Enbridge | 6.90% | 119.35% | 12.27% | 1.37% | 0.11% | 4.74% | 7.60% |
| TC Energy | 5.77% | 77.50% | 13.93% | 2.37% | 0.17% | 5.91% | 4.22% |