5 Electric Utilities Paying Substantial Dividends

Electric utility companies are among the safest investments in stock markets, offering regular dividends. The thought of replacing high-priced gas with electrical power is gaining more popularity. If the consumer’s demand for electric vehicles gains momentum, the demand for electricity will also explode, turning these companies into profit machines. Here is a list of five large-cap electricity stocks offering excellent dividends and a maximum P/E ratio of 20. All of the large-cap companies that follow offered a minimum 5% dividend yield and have a minimum market capital of $12 billion. American Electric Power Co., Inc. (AEP): The Ohio-based AEP is in the business of generation, transmission and distribution of electric power. Credit Suisse suggested an outperform rating for AEP, while Deutsche Bank, Hilliard Lyons, Sun Trust and KeyBanc recommend buying. AEP owns a market capital of $17.43 billion, and a trailing ratio of 13.9, while forward P/E is 11.18.... Read more