These 3 Utility Stocks Offer High Yields, Recession-Proof Dividends

Utility stocks are among the safest stocks in the entire stock market during a recession, and many agree we're either in one, or headed there. Utilities also provide stable dividends, even when the economy enters a downturn. Put simply, people cannot go without electricity and gas, even during recessions. As a result, these 3 high dividend stocks from the utility sector could be safe havens during a prolonged downturn.

ConEd (ED) delivers electricity, natural gas, and steam to its customers in New York City and Westchester County. The company has annual revenues of nearly $14 billion. Southern Company (SO) is a major energy utility that serves ~9 million customers in the U.S. via its subsidiaries. Southern is one of the most resilient companies to the pandemic. Duke Energy (DUK) is one of the largest providers of energy in the U.S. Today, it produces about $26 billion in annual revenue and trades with a market capitalization of $83.8 billion.

Source: The Street

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