Dividend paying diversified utility stocks

Combination utilities running both electric and gas operations. Slightly more cyclical than pure electrics, often with a modestly higher yield to compensate.

21 operating companies currently paying a dividend, median yield 3.54%. Funds and ETFs are excluded on purpose — this is companies only. Prices as of Sep 3, 2026.

Dividend payers
21
Median yield
3.54%
Payout under 60%
7 of 21
Room to keep raising
Highest yield
ENO 6.60%
1 raised recently16 with 10+ year raise streaks (of 16 tracked)Largest: DUK $93.8B
Highest yielding diversified utilities dividend stocks
  1. 1ENOEntergy New Orleans, LLC First Mortgage Bonds, 5.50% Series due April 1, 20666.60%
  2. 2AVAAvista Corporation5.24%
  3. 3CDUAFCanadian Utilities Limited5.08%
  4. 4BIPBrookfield Infrastructure Partners L.P.5.02%
  5. 5AQNAlgonquin Power & Utilities Corp.4.59%
  6. 6ACLLFATCO Ltd.3.96%
  7. 7NWENorthWestern Energy Group, Inc. Common Stock3.88%
  8. 8EXCExelon Corporation3.82%
  9. 9PEGPublic Service Enterprise Group Incorporated3.63%
  10. 10WECWEC Energy Group, Inc.3.59%
Safest payouts (low payout, high quality)
  1. 1EDConsolidated Edison, Inc.3.30% · payout 57%
Fastest dividend growth (5-yr CAGR)
  1. 1XELXcel Energy Inc.10.4%/yr
  2. 2AEEAmeren Corporation7.3%/yr
  3. 3WECWEC Energy Group, Inc.7.1%/yr
  4. 4LNTAlliant Energy Corporation Common Stock6.0%/yr
  5. 5NINiSource Inc.5.9%/yr
  6. 6CMSCMS Energy Corporation5.9%/yr
  7. 7EVRGEvergy, Inc.5.6%/yr
  8. 8PEGPublic Service Enterprise Group Incorporated5.2%/yr
  9. 9AVAAvista Corporation3.9%/yr
  10. 10UTLUNITIL Corporation3.7%/yr
Monthly payers

No company in this sector pays monthly — the quarterly cheque is the norm here. For monthly income, look at REITs, BDCs and specialty finance.

Specialty finance

All 21 diversified utilities dividend payers

21 shown · click any column to sort

CompanyIndustryYieldAnnual $PayoutDiv growthStreakQualitySize1Y
Duke Energy Corporation (Holdin
Diversified Utilities3.54%$4.2664%+2.0%15y33$93.8B-0.1%
Xcel Energy Inc.
Diversified Utilities3.10%$2.3764%+10.4%23y49$47.7B+5.4%
Exelon Corporation
Diversified Utilities3.82%$1.6859%+0.9%43$45.3B+2.6%
Consolidated Edison, Inc.
Diversified Utilities3.30%$3.5557%+2.1%52y82$39.8B+11.1%
Public Service Enterprise Group Incorporated
Diversified Utilities3.63%$2.6865%+5.2%14y43$36.5B-9.3%
WEC Energy Group, Inc.
Diversified Utilities3.59%$3.8172%+7.1%23y36$34.6B-0.2%
PCGraised
Pacific Gas & Electric Co.
Diversified Utilities1.43%$0.2013%23$30.7B-9.1%
Ameren Corporation
Diversified Utilities2.82%$3.0051%+7.3%12y46$29.4B+6.5%
CMS Energy Corporation
Diversified Utilities3.35%$2.2867%+5.9%18y30$21.4B-4.1%
NiSource Inc.
Diversified Utilities2.88%$1.2062%+5.9%14y39$19.5B-0.3%
Evergy, Inc.
Diversified Utilities3.41%$2.7870%+5.6%20y46$18.8B+14.8%
Alliant Energy Corporation Common Stock
Diversified Utilities3.15%$2.1466%+6.0%23y43$17.6B+5.4%
BIPMLP
Brookfield Infrastructure Partners L.P.
Diversified Utilities5.02%$1.82286%+5.9%†18y15$17.0B+20.2%
Canadian Utilities Limited
Diversified Utilities5.08%$1.8512%+1.0%54y48$10.9B+41.0%
ATCO Ltd.
Diversified Utilities3.96%$2.08128%+3.0%22y12$6.4B+43.5%
NorthWestern Energy Group, Inc. Common Stock
Diversified Utilities3.88%$2.6896%+1.9%22y25$4.3B+23.9%
Algonquin Power & Utilities Corp.
Diversified Utilities4.59%$0.26108%-15.6%9$4.3B-0.5%
Avista Corporation
Diversified Utilities5.24%$1.9771%+3.9%24y40$3.2B+3.4%
UNITIL Corporation
Diversified Utilities3.53%$1.9059%+3.7%12y49$976M+17.8%
Genie Energy Ltd.
Diversified Utilities2.02%$0.3039%-1.9%27$391M+2.8%
Entergy New Orleans, LLC First Mortgage Bonds, 5.50% Series due April 1, 2066
Diversified Utilities6.60%$1.38+0.0%†22$182M-7.8%

Operating companies only — ETFs, closed-end funds, ADRs and preferred shares or baby bonds are excluded. Payout ratio and raise-streak data isn't published for every company; blanks mean we don't have it rather than zero. * marks a 3-year growth rate where 5 years isn't available; † marks a 12-month growth rate shown because the longer rate is distorted by a stock split.

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Frequently asked

How many diversified utilities stocks pay a dividend?

We currently track 21 diversified utilities operating companies paying a dividend, with a median yield of 3.54%. ETFs, closed-end funds and ADRs are excluded from this count — those are funds, not companies.

Which diversified utilities stock has the highest dividend yield?

ENO shows the highest trailing yield in the sector at 6.60%. Treat the very top of any yield list with suspicion: an unusually high figure is often a special or one-off payment sitting in the trailing rate, or a share price that has collapsed.

Are high-yield diversified utilities dividends safe?

Yield alone tells you nothing about safety. In this sector 7 of 21 companies pay out 60% or less of earnings, which is the group with genuine room to keep raising. None have cut recently, and 1 have raised.

Do any diversified utilities companies pay monthly dividends?

No. Every dividend payer in this sector pays quarterly, semi-annually or annually. Monthly dividends are concentrated in REITs, BDCs and specialty finance.

How often is this list updated?

Nightly. Prices, yields, payout ratios and performance come from our own data pipeline, and this page reflects prices as of Sep 3, 2026. New dividend initiations and cuts are picked up automatically.

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