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
| # | Ticker | Name | Yield |
|---|---|---|---|
| 1 | 0902.HK | Huaneng Power International | 6.8% |
| 2 | GNE.AU | Genesis Energy Ltd | 6.7% |
| 3 | 600023.SHG | Zhejiang Zheneng Electric Power Co Ltd | 6.7% |
| 4 | 0836.HK | China Resources Power Holding | 6.0% |
| 5 | 0991.HK | Datang Intl Power Gen Co-H | 6.0% |
| 6 | AGL.AU | AGL Energy Ltd | 5.8% |
| 7 | ISAE3.SA | ISA ENERGIA BRASIL | 5.8% |
| 8 | 600011.SHG | Huaneng Power International Inc | 5.7% |
| 9 | 000690.SHE | Guangdong Baolihua New Energy Stock Co LTD | 5.2% |
| 10 | PTC.NSE | PTC India Limited | 5.1% |
| 11 | EGCO.BK | Electricity Generating Public Company Limited | 4.9% |
| 12 | 0006.HK | Power Assets | 4.9% |
| 13 | 600863.SHG | Inner Mongolia MengDian HuaNeng Thermal Power Corp Ltd | 4.7% |
| 14 | CPX.TO | Capital Power Corporation | 4.3% |
| 15 | CNA.LSE | Centrica PLC | 3.7% |
| 16 | CKP.BK | CK Power Public Company Limited | 3.5% |
| 17 | 600674.SHG | Sichuan Chuantou Energy Co Ltd | 3.3% |
| 18 | 1816.HK | CGN Power | 3.0% |
| 19 | 600578.SHG | Beijing Jingneng Power Co Ltd | 2.9% |
| 20 | GUNKUL.BK | Gunkul Engineering Public Company Limited | 2.9% |
Customise the Dividend Stocks + Utilities - Independent Power Producers screen
The full screener applies both filters and lets you stack 30+ more on top: market cap, country, dividend yield, and the four pillar scores.
Open in screener →Explore related pages
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.