Best Dividend Stocks in Utilities - Independent Power Producers for 2026

Reliable dividend payers with sustainable yields, screened on payout ratio and balance-sheet health.

Independent Power Producers (merchant generators plus contracted-generation operators) earn unregulated cash flows that move with power-market dynamics and fuel costs. Composite scoring uses the Health pillar (project-level leverage, refinancing capacity) and the Valuation pillar (EV/EBITDA against contracted-cash-flow visibility); Quality pillar weights margin durability.

Data as of (updated daily)

Top 20 Utilities - Independent Power Producers stocks by dividend yield

#TickerNameYield
1GNE.AUGenesis Energy Ltd7.0%
20902.HKHuaneng Power International6.9%
3ISAE4.SAISA ENERGIA BRASIL6.7%
40836.HKChina Resources Power Holding6.0%
5600023.SHGZhejiang Zheneng Electric Power Co Ltd6.0%
6AGL.AUAGL Energy Ltd5.9%
7600011.SHGHuaneng Power International Inc5.8%
80991.HKDatang Intl Power Gen Co-H5.7%
9ISAE3.SAISA ENERGIA BRASIL5.5%
100006.HKPower Assets4.6%
11600863.SHGInner Mongolia MengDian HuaNeng Thermal Power Corp Ltd4.5%
12CPX.TOCapital Power Corporation4.3%
13000690.SHEGuangdong Baolihua New Energy Stock Co LTD4.0%
14CNA.LSECentrica PLC3.8%
15CKP.BKCK Power Public Company Limited3.7%
16N1RG34.SANRG Energy, Inc.3.3%
17600578.SHGBeijing Jingneng Power Co Ltd3.2%
18600674.SHGSichuan Chuantou Energy Co Ltd3.1%
191816.HKCGN Power2.9%
20GUNKUL.BKGunkul Engineering Public Company Limited2.7%

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Methodology: How we score stocks. Data refreshed nightly around 03:30 ET. This page lists the top 20 by dividend yield within the Utilities - Independent Power Producers industry; use the screener for the full ranked list.

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