20 Cheapest Utility Dividend Stocks (2024)

20 Cheapest Utility Dividend Stocks (1)

Utilitydividend stocks with low forward P/E ratios originally published at "long-term-investments.blogspot.com". Today I like toproceed with my monthly dividend screen of the cheapest stocks measured by thelowest forward P/E. Utilities are the next ones.

In myscreen I observe only shares with a market cap over USD 10 billion and a positivedividend yield. The 20 cheapest utilities have a valuation multiple between 9.2and 16.96, calculated on expected earnings. Six stocks have a buy or better recommendation.


Here are my favoritestocks:

If you like to receive more dividend stock ideas andthe free Dividend Weekly, you should subscribe to my free e-mail list.Alternative, you can follow meonFacebookorTwitter.


National Grid (NYSE:NGG) has a market capitalization of $46.55 billion. The company employs 25,645 people, generates revenue of $21.537 billion and has a net income of $3.173 billion. The firm’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $7.382 billion. The EBITDA margin is 34.28 percent (the operating margin is 25.08 percent and the net profit margin 14.73 percent).

Financial Analysis:The total debt represents 48.64 percent of the company’s assets and the total debt in relation to the equity amounts to 249.22 percent. Due to the financial situation, a return on equity of 22.25 percent was realized. Twelve trailing months earnings per share reached a value of $4.93. Last fiscal year, the company paid $3.06 in the form of dividends to shareholders.

Market Valuation: Here are the price ratios of the company: The P/E ratio is 12.99, the P/S ratio is 2.18 and the P/B ratio is finally 3.29. The dividend yield amounts to 4.95 percent and the beta ratio has a value of 0.61.

20 Cheapest Utility Dividend Stocks (2)
Long-Term Stock Price Chart Of National Grid (NGG)
20 Cheapest Utility Dividend Stocks (3)
Long-Term Dividend Yield History of National Grid (NGG)
20 Cheapest Utility Dividend Stocks (4)
Long-Term Dividend Payment History of National Grid (NGG)


Duke Energy (NYSE:DUK) has a market capitalization of $52.58 billion. The company employs 27,885 people, generates revenue of $19.624 billion and has a net income of $1.746 billion. The firm’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $5.399 billion. The EBITDA margin is 27.51 percent (the operating margin is 15.85 percent and the net profit margin 8.90 percent).


Financial Analysis:The total debt represents 35.59 percent of the company’s assets and the total debt in relation to the equity amounts to 99.16 percent. Due to the financial situation, a return on equity of 5.44 percent was realized. Twelve trailing months earnings per share reached a value of $3.31. Last fiscal year, the company paid $3.03 in the form of dividends to shareholders.

Market Valuation:Here are the price ratios of the company: The P/E ratio is 22.49, the P/S ratio is 2.68 and the P/B ratio is finally 1.28. The dividend yield amounts to 4.11 percent and the beta ratio has a value of 0.33.

20 Cheapest Utility Dividend Stocks (5)
Long-Term Stock Price Chart Of Duke Energy (DUK)
20 Cheapest Utility Dividend Stocks (6)
Long-Term Dividend Payment History of Duke Energy (DUK)
20 Cheapest Utility Dividend Stocks (7)
Long-Term Dividend Yield History of Duke Energy (DUK)


Consolidated Edison (NYSE:ED) has a market capitalization of $18.65 billion. The company employs 14,529 people, generates revenue of $12.188 billion and has a net income of $1.141 billion. The firm’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $3.294 billion. The EBITDA margin is 27.03 percent (the operating margin is 19.19 percent and the net profit margin 9.36 percent).

Financial Analysis:The total debt represents 27.44 percent of the company’s assets and the total debt in relation to the equity amounts to 95.28 percent. Due to the financial situation, a return on equity of 9.77 percent was realized. Twelve trailing months earnings per share reached a value of $3.58. Last fiscal year, the company paid $2.42 in the form of dividends to shareholders.

Market Valuation:Here are the price ratios of the company: The P/E ratio is 17.80, the P/S ratio is 1.53 and the P/B ratio is finally 1.57. The dividend yield amounts to 3.86 percent and the beta ratio has a value of 0.18.

20 Cheapest Utility Dividend Stocks (8)
Long-Term Stock Price Chart Of Consolidated Edison (ED)
20 Cheapest Utility Dividend Stocks (9)
Long-Term Dividend Payment History of Consolidated Edison (ED)
20 Cheapest Utility Dividend Stocks (10)
Long-Term Dividend Yield History of Consolidated Edison (ED)

Take a closer look at the full list of the cheapest utility dividend stocks. The average P/E ratio amounts to 19.54and forward P/E ratio is 14.67. The dividend yield has a value of 3.22 percent.Price to book ratio is 1.80 and price to sales ratio 1.64. The operating marginamounts to 18.07 percent and the beta ratio is 0.49. Stocks from the list havean average debt to equity ratio of 1.45.

Here is the full table withsome fundamentals (TTM):

20 Cheapest Utility Dividend Stocks (11)
20 Cheapest Utility Dividend Stocks (Click to enlarge)

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Related stockticker symbols:

HNP, AES, ENI,EOC, EIX, ETR, FE, NGG, PPL, PEG, PCG, AEP, NEE, EXC, XEL, DUK, SO, ED, NU, DTE

Selected Articles:

· 20 Of TheSafest Utilities With Best Dividend Yields

· 13 HighestDividend Paying Diversified Utilities

· 12 BestYielding Utilities With Double-Digit EPS Growth Potential

· 20 Stocks ToBuy | The Most Recommended Utilities At The Market

*Ihave no positions in any stocks mentioned, and no plans to initiate anypositions within the next 72 hours. I receive no compensation to write aboutany specific stock, sector or theme.

Monthly Yield Fact Book | Yields Dividend Champions | Yields Dividend Contenders | Yields Dividend Kings | High-Yield Large Cap | +10% Yielding Stocks | Dividend Aristocrats |

20 Cheapest Utility Dividend Stocks (2024)

FAQs

What is the best dividend utility stock? ›

  • Brookfield Renewable Partners L.P. (NYSE:BEP) Number of Hedge Fund Holders: 16. ...
  • Atmos Energy Corporation (NYSE:ATO) ...
  • Consolidated Edison, Inc. ( ...
  • Edison International (NYSE:EIX) ...
  • UGI Corporation (NYSE:UGI) ...
  • Entergy Corporation (NYSE:ETR) ...
  • American Water Works Company, Inc. ( ...
  • The Southern Company (NYSE:SO)
Jan 26, 2024

What are the 10 best stocks that pay dividends? ›

Key Takeaways
Top 10 Dividend Stocks By Forward Dividend Yield
XFLTXAI Octagon Floating Rate & Alternative Income TrustInvestment Trusts/Mutual Funds
RCReady Capital CorporationFinance
CLCOCool Company Ltd.Industrial Services
HAFNHafnia LimitedTransportation
7 more rows

What is the average dividend yield for utilities? ›

The average dividend yield for utilities as a whole is 2.54%, based on latest available data obtained Oct. 30, 2018.

What are the five highest paying dividend stocks? ›

10 Highest-Paying Dividend Stocks in the S&P 500
StockTrailing Dividend Yield
Ford Motor Co. (F)5.6%
Crown Castle Inc. (CCI)5.7%
AT&T Inc. (T)5.8%
Verizon Communications Inc. (VZ)6.6%
6 more rows
4 days ago

What are the three dividend stocks to buy and hold forever? ›

7 Dividend Stocks to Buy and Hold Forever
StockForward yieldImplied upside*
Johnson & Johnson (JNJ)3.3%20.2%
Merck & Co. Inc. (MRK)2.4%8.6%
Chevron Corp. (CVX)4.2%35.9%
Cisco Systems Inc. (CSCO)3.4%49.7%
3 more rows
Jul 12, 2024

What is the safest dividend stock? ›

PepsiCo has an impressive track record of increasing its dividend for 50 consecutive years. This consistent dividend growth, combined with the company's stable business model and strong cash flow from operations makes PepsiCo a top pick for a “safe” dividend stock.

What stock pays the best monthly dividends? ›

Top 9 monthly dividend stocks by yield
SymbolCompany nameForward dividend yield (annual)
ARRArmour Residential REIT14.22%
EFCEllington Financial12.33%
EPREPR Properties7.56%
SILASILA Realty Trust6.84%
5 more rows
5 days ago

What stock returns highest dividend? ›

10 Best Dividend Stocks to Buy
  • Exxon Mobil XOM.
  • Johnson & Johnson JNJ.
  • Verizon Communications VZ.
  • Altria Group MO.
  • Comcast CMCSA.
  • Medtronic MDT.
  • Duke Energy DUK.
  • Starbucks SBUX.
Jun 28, 2024

Which company gives the highest dividend in the world? ›

World's companies with the highest dividend yields
SymbolExchangeDiv yield % (indicated)
VITRO/A DBMV263.42%
1114 DHKEX139.09%
LTEJSE135.33%
TER DASX117.50%
27 more rows

Are utility stocks a good buy? ›

The recession-resistant nature of utilities makes utility stocks a good defensive stock. Utilities rarely come out of a quarter with surprising earnings, but they do tend to maintain performance in choppy markets.

What are the utilities dividend aristocrats? ›

There are only three utility stocks on the list of Dividend Aristocrats: Consolidated Edison (ED), NextEra Energy (NEE), and Atmos Energy (ATO). The fact that there are only three utilities on the list may come as a surprise, especially since utilities are widely regarded as being steady dividend stocks.

What is the outlook for utilities stocks? ›

In both 2022 and 2023, utilities' stock prices slowly rolled downhill before rallying in the fourth quarter to trim the losses. Since 2021, only dividends have kept investors here afloat. We think utilities are better positioned going into 2024 to produce the steadier positive returns that investors expect.

What are the three best dividend stocks? ›

15 Best Dividend Stocks to Buy for 2024
StockDividend yield
Verizon Communications Inc. (ticker: VZ)6.4%
Pfizer Inc. (PFE)5.7%
United Parcel Service Inc. (UPS)4.4%
First American Financial Corp. (FAF)3.6%
11 more rows
Jul 17, 2024

Which Dow Jones stock pays the highest dividend? ›

Verizon Communications

Verizon, Dow Inc., and Chevron top the list for yield in the Dow 30. All three come with caveats. The three highest-yielding Dow Jones Industrial Average stocks today are Verizon Communications (VZ 0.35%), Dow Inc. (DOW 0.02%), and Chevron (CVX 0.19%).

Which company will give dividends in 2024? ›

Upcoming dividend-paying stocks in 2024
  • Sanofi India.
  • Infosys.
  • ABB India.
  • ICICI Securities.
  • Elantas Beck.
  • CRISIL.
  • Huhtamaki India.
  • Dividend payout ratio.

What energy company pays the best dividend? ›

Top oil and gas companies by dividend yield
#NameDividend %
1Ecopetrol 1EC32.59%
2Diversified Energy 2DEC.L20.20%
3Petrobras 3PBR18.70%
4CVR Energy 4CVI17.66%
57 more rows

What is the best dividend stock to own? ›

Three stocks that are currently priced below $100 and also pay high dividends are Comcast (NASDAQ: CMCSA), Enbridge (NYSE: ENB), and Realty Income (NYSE: O). These are all examples of fairly safe investments to hold in your portfolio that can provide you with a steady stream of recurring income.

What's the best monthly dividend stock? ›

Top 9 monthly dividend stocks by yield
SymbolCompany nameForward dividend yield (annual)
AGNCAGNC Investment Corp.15.09%
EFCEllington Financial12.91%
EPREPR Properties8.15%
APLEApple Hospitality REIT6.60%
5 more rows
Jul 1, 2024

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