NEW YORK ( TheStreet) -- Covanta Holding (CVA), PPL Corporation (PPL - Get Report), Exelon (EXC - Get Report) and DTE Energy (DTE - Get Report)are a few utility stocks which are defensive bets and have high dividend yields ranging from 4.8%-8.7%.Some of these 10 stocks have underperformed the Dow Jones and the S&P 500 index that gained 6.3% and 4.9% during the past three months, respectively. This growth came despite inflationary concerns, unrest sweeping across the Middle East and the catastrophic events that rocked Japan recently. The U.S. markets seem to have shrugged off these happenings and continue to rise on the back of positive employment and capital spending data.
8 High-Dividend-Yield Defensive Stocks
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