Investors like electric utilities for their safety, security, and income, specially since most yield between 4% to 7%. WallStreetNewsNetwork.com has come up with a list of 30 electric utility stocks that pay a dividend of 4% or more. Historically, utilities have paid favorable dividends for many years with low volatility.
Here are some examples of utility stocks with decent CD beating yields.
FirstEnergy Corp. (FE) has a yield of 5.5%, and has a forward PE of 9.7.
Westar Energy, Inc. (WR) has a yield of 5.4%, and has a forward PE of 12.9.
The Southern Company (SO) has a yield of 5.4%, and has a forward PE of 12.9.
CenterPoint Energy, Inc. (CNP)has a yield of 5.4%, and has a forward PE of 12.3.
You can access a free downloadable Excel database of high yield electric utility stocks, which you can add to, change, and sort, at WSNN.com.
Author does not own any of the above.