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
10902.HKHuaneng Power International6.8%
2GNE.AUGenesis Energy Ltd6.7%
3600023.SHGZhejiang Zheneng Electric Power Co Ltd6.7%
40836.HKChina Resources Power Holding6.0%
50991.HKDatang Intl Power Gen Co-H6.0%
6AGL.AUAGL Energy Ltd5.8%
7ISAE3.SAISA ENERGIA BRASIL5.8%
8600011.SHGHuaneng Power International Inc5.7%
9000690.SHEGuangdong Baolihua New Energy Stock Co LTD5.2%
10PTC.NSEPTC India Limited5.1%
11EGCO.BKElectricity Generating Public Company Limited4.9%
120006.HKPower Assets4.9%
13600863.SHGInner Mongolia MengDian HuaNeng Thermal Power Corp Ltd4.7%
14CPX.TOCapital Power Corporation4.3%
15CNA.LSECentrica PLC3.7%
16CKP.BKCK Power Public Company Limited3.5%
17600674.SHGSichuan Chuantou Energy Co Ltd3.3%
181816.HKCGN Power3.0%
19600578.SHGBeijing Jingneng Power Co Ltd2.9%
20GUNKUL.BKGunkul Engineering Public Company Limited2.9%

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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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