Monday, May 17, 2010
Top Yielding Electric Utilities
There are 30 electric utilities that yield 4% or more, in addition to providing relative safety, security, and stability. WallStreetNewsNetwork.com has come up with a list of numerous electric utility stocks that pay high dividends. Historically, utilities have paid favorable dividends for many years with low volatility.
Here are some examples of utility stocks that pay higher yields than what you would receive on a CD.
FirstEnergy Corp. (FE) has a yield of 6%, and has a forward PE of 9.4.
Integrys Energy Group, Inc. (TEG) has a yield of 5.6%, and has a forward PE of 14.6.
Pinnacle West Capital Corporation (PNW) has a yield of 5.8%, and has a forward PE of 11.9.
Westar Energy, Inc. (WR) has a yield of 5.3%, and has a forward PE of 13.1.
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.