Utility dividend stocks
Utilities sell electricity, gas and water under regulated rates, which gives them steady, predictable cash flow. That makes them some of the most reliable dividend payers, and many have raised their dividends for decades. The trade-off is slower growth and sensitivity to interest rates: when rates rise, utility shares often fall as bonds become more competitive.
How this list is built: US-listed stocks in the Utilities sector in our data with a yield of 2% to 12% and a share price of at least $5. The payout ratio must be 100% of earnings or less; where the dividend history allows, dividends paid over the last 12 months must be no more than 5% below the 12 months before, and high payers (8% or more) whose share price fell 10% or more over the past year are left out. Highest yield first. Refreshed daily from our dividend data.
| # | Stock | Yield | Annual dividend | Pays | Payout ratio | Dividend growth, 1 yr | Next ex-dividend |
|---|---|---|---|---|---|---|---|
| 1 | EIX Edison International | 6.08% | $3.51 | Quarterly | 36% | +6.0% | Jan 6, 2027 own by Jan 5, 2027 |
| 2 | AES The AES Corporation | 4.68% | $0.70 | Quarterly | 26% | +0.4% | Oct 30, 2026 own by Oct 29, 2026 |
| 3 | ES Eversource Energy (D/B/A) | 4.61% | $3.12 | Quarterly | 65% | +4.8% | Dec 21, 2026 own by Dec 18, 2026 |
| 4 | D Dominion Energy, Inc. | 4.11% | $2.67 | Quarterly | 92% | 0.0% | Dec 4, 2026 own by Dec 3, 2026 |
| 5 | UGI UGI Corporation | 3.84% | $1.50 | Quarterly | 50% | 0.0% | Dec 15, 2026 own by Dec 14, 2026 |
| 6 | EXC Exelon Corporation | 3.73% | $1.66 | Quarterly | 60% | +5.1% | Dec 4, 2026 own by Dec 3, 2026 |
| 7 | PEG Public Service Enterprise Group | 3.66% | $2.64 | Quarterly | 65% | +6.0% | Dec 9, 2026 own by Dec 8, 2026 |
| 8 | DTE DTE Energy Company | 3.53% | $4.65 | Quarterly | 73% | +6.9% | Dec 21, 2026 own by Dec 18, 2026 |
| 9 | DUK Duke Energy Corporation (Holdin | 3.44% | $4.28 | Quarterly | 64% | +1.9% | Nov 13, 2026 own by Nov 12, 2026 |
| 10 | WEC WEC Energy Group, Inc. | 3.37% | $3.75 | Quarterly | 72% | +6.8% | Nov 13, 2026 own by Nov 12, 2026 |
| 11 | SO Southern Company (The) | 3.24% | $3.00 | Quarterly | 72% | +2.7% | Nov 16, 2026 own by Nov 13, 2026 |
| 12 | PPL PPL Corporation | 3.23% | $1.13 | Quarterly | 66% | +4.7% | Dec 10, 2026 own by Dec 9, 2026 |
| 13 | SRE DBA Sempra | 3.11% | $2.62 | Quarterly | 75% | +2.5% | Dec 24, 2026 own by Dec 23, 2026 |
| 14 | LNT Alliant Energy Corporation | 3.06% | $2.14 | Quarterly | 66% | +5.5% | Oct 30, 2026 own by Oct 29, 2026 |
| 15 | ED Consolidated Edison, Inc. | 3.05% | $3.52 | Quarterly | 57% | +4.0% | Nov 18, 2026 own by Nov 17, 2026 |
| 16 | XEL Xcel Energy Inc. | 3.02% | $2.35 | Quarterly | 64% | +4.0% | Dec 15, 2026 own by Dec 14, 2026 |
| 17 | NEE NextEra Energy, Inc. | 2.97% | $2.44 | Quarterly | 53% | +9.9% | Nov 27, 2026 own by Nov 25, 2026 |
| 18 | AEP American Electric Power Company | 2.94% | $3.80 | Quarterly | 66% | +2.2% | Nov 10, 2026 own by Nov 9, 2026 |
| 19 | MGEE MGE Energy Inc. | 2.77% | $2.03 | Quarterly | 47% | +5.9% | Dec 1, 2026 own by Nov 30, 2026 |
| 20 | AEE Ameren Corporation | 2.74% | $2.96 | Quarterly | 51% | +5.7% | Dec 8, 2026 own by Dec 7, 2026 |
| 21 | NI NiSource Inc | 2.71% | $1.18 | Quarterly | 62% | +6.8% | Oct 30, 2026 own by Oct 29, 2026 |
| 22 | AWK American Water Works Company, I | 2.44% | $3.45 | Quarterly | 59% | +8.2% | Nov 10, 2026 own by Nov 9, 2026 |
| 23 | ETR Entergy Corporation | 2.38% | $2.56 | Quarterly | 64% | +6.7% | Nov 12, 2026 own by Nov 11, 2026 |
| 24 | CNP CenterPoint Energy, Inc (Holdin | 2.24% | $0.92 | Quarterly | 53% | +5.7% | Nov 19, 2026 own by Nov 18, 2026 |
Figures are estimates, can be delayed or wrong, and are not investment advice or a recommendation to buy or sell any security.
Why utilities pay dividends
Regulators set the prices most utilities can charge, in exchange for a fair return on what they invest in power plants, pipes and grids. That steady income supports a regular dividend, and utilities typically pay out a larger share of earnings than most companies.
What to check
Look at the payout ratio (around 60–80% of earnings is common for utilities), how much debt the company carries, and how much it plans to spend on new infrastructure. Heavy spending funded with debt or new shares can slow dividend growth.
Interest rates matter
Because investors often compare utility yields with bond yields, utility share prices tend to fall when interest rates rise and recover when they fall. The dividend itself usually keeps coming either way.
Frequently asked questions
Are utility stocks good for dividends?
They are among the most consistent dividend payers because their revenue is regulated and steady. Their dividends usually grow slowly, and their share prices are sensitive to interest rates.
What is a typical utility dividend yield?
Many large US utilities have yielded roughly 3% to 5% in recent years, though it changes with prices and interest rates.
How often do utilities pay dividends?
Most US utilities pay quarterly. The stock pages show each company's payment schedule and history.
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