14 Best Utility Dividend Stocks to Buy Now

2. Clearway Energy, Inc. (NYSE:CWEN)

Dividend Yield as of Nov. 21: 5.08%

With a portfolio that comprises approximately 11.8 GW of gross generating capacity in 26 states, Clearway Energy, Inc. (NYSE:CWEN) is one of the largest owners of clean energy generation assets in the United States.

On November 5, Clearway Energy, Inc. (NYSE:CWEN) reiterated its commitment to shareholders by announcing to increase its quarterly dividend by 1.62% to $0.4528 per share. The company boasts a robust annual dividend yield of 5.08% as of the writing of this piece, with its long-term power purchase agreements (PPAs) allowing it to generate stable cash flows and reliably pay dividends to shareholders.

Clearway Energy, Inc. (NYSE:CWEN)’s payout increase comes on the back of its impressive performance in the third quarter, with the company topping estimates and more than doubling its net income compared to last year, helped by lower tax expenses, new investments, and favorable wind patterns. Clearway also reaffirmed its long-term annual growth objective of 5% to 8%.

The share price of Clearway Energy, Inc. (NYSE:CWEN) has surged by over 35% since the beginning of 2025.