5 Utility Stocks with Highest Dividends

3. Dominion Energy, Inc. (NYSE:D)

Dividend Yield as of April 7: 4.26%

Dominion Energy, Inc. (NYSE:D) provides regulated electricity service to 3.6 million homes and businesses in Virginia, North Carolina, and South Carolina, and regulated natural gas service to 500,000 customers in South Carolina.

It was reported on March 23 that Dominion Energy, Inc. (NYSE:D)’s Coastal Virginia Offshore Wind project has officially generated its first power for the grid, despite the recent delays. The 2.6 GW project is the largest of its kind in the United States, and will supply clean energy to 660,000 customers.

The project is estimated to cost around $11.5 billion, up from its previous price tag of $9.8 billion. The cost overrun is largely driven by President Trump’s tariffs, in addition to a stop-work order issued by the federal government in December last year. The current progress on CVOW is around 70%, with full completion scheduled for early 2027.

The offshore wind power facility is expected to meet the dramatically growing energy needs in Virginia, catering to the largest cluster of data centers in the world.