5 Best Utility Dividend Stocks To Buy

In this article, we discuss 5 best utility dividend stocks to buy. If you want to read our detailed analysis of the utility sector and the performance of dividend stocks, go directly to read 13 Best Utility Dividend Stocks To Buy. 

5. The AES Corporation (NYSE:AES)

Number of Hedge Fund Holders: 37

The AES Corporation (NYSE:AES) is a global energy company that operates in the generation and distribution of electricity. In December 2023, the company declared a 4% hike in its quarterly dividend to $0.1725 per share. This marked the company’s 11th consecutive year of dividend growth, which makes AES one of the best dividend stocks on our list from the utility sector. The stock has a dividend yield of 4.03%, as of January 26.

Insider Monkey’s database of Q3 2023 showed that 37 hedge funds owned stakes in The AES Corporation (NYSE:AES), up from 36 in the preceding quarter. The collective value of these stakes is over $751 million. With roughly 20 million shares, Orbis Investment Management was the company’s leading stakeholder in Q3.