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8 High-Dividend-Yield Defensive Stocks

4. The Empire District Electric Company (EDE - Get Report) is a public utility engaged in the generation, purchase, transmission, distribution, and sale of electricity in parts of Missouri, Kansas, Oklahoma. and Arkansas. The company operates in three segments: electric, gas and other.

During the quarter ended Dec. 2010, total revenue stood at $132.8 million, up 9.9% from $120.9 million, while full-year revenue grew 9% to $541.3 million, driven by higher electricity sales owing to a warmer summer in 2010. Net income increased 14.8% to $47.4 million, while cash flow from operating activities rose 6.6% to $138.1 million.

On Feb. 3, 2011, the company announced quarterly dividend of 32 cents per share, with a record date of Mar. 1, 2011 and a payable date of Mar. 15, 2011. During 2010, the company paid dividend of $1.28 per share totaling $52 million. The company currently has a dividend yield of 5.77%.

All the four analysts covering the stock rate it a hold. On average, analysts expect an upside of 2% to $22.5 in value from current levels. The stock has gained 20.1% in the past one year and trades at 17.5 times its 2011 estimated earnings.
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NRGY $14.97 2.11%
APU $38.04 2.50%
EDE $32.71 -0.09%
DTE $83.40 -0.81%
EXC $30.21 -0.33%


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