Regulated distribution utilities are among the most defensive investments available with solid cash flow, high dividend pay-out ratios, and low cyclicality. These businesses, therefore, generate robust cash flows and payout high income to shareholders, making them valuable diversifiers during downturns. I’ve identify the following utilities stocks paying high income, which may increase the value of your portfolio.

Gujarat Industries Power Company Limited (BSE:517300)

517300 has a wholesome dividend yield of 2.63% and distributes 17.81% of its earnings to shareholders as dividends . 517300’s last dividend payment was ₹2.70, up from it’s payment 10 years ago of ₹2.00. It should comfort existing and potential future shareholders to know that 517300 hasn’t missed a payment during this time. Continue research on Gujarat Industries Power here.

PTC India Limited (BSE:532524)

532524 has a good-sized dividend yield of 3.25% and their current payout ratio is 21.41% . The company’s dividends per share have risen from ₹1.00 to ₹3.00 over the last 10 years. To the enjoyment of shareholders, the company hasn’t missed a payment during this period. India’s performance over the last 12 months beat the in renewable energy industry, with the company reporting 28.59% EPS growth compared to its industry’s figure of 21.77%. More on India here.

SJVN Limited (NSEI:SJVN)

SJVN has a juicy dividend yield of 7.16% and pays out 73.69% of its profit as dividends . SJVN’s 7.16% yield puts it in the top quartile of IN payers. When we compare SJVN’s PE ratio with its industry, the company appears favorable. The IN Electric Utilities industry’s average ratio of 14.5 is above that of SJVN’s (9). Continue research on SJVN here.

For more solid dividend payers to add to your portfolio, you can use our free platform to explore our interactive list of top dividend payers.
To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.

The author is an independent contributor and at the time of publication had no position in the stocks mentioned.