ENLAY - Enel: Utility Stalwart With Substantial Resilience To Defend Dividend
Recently, we have been focusing our research on finding income opportunities in southern European countries, mainly within the regulated utilities sector. We have analysed a few targets with higher yields and attractive valuations, such as Enagas (ENGGY) and our preferred pipeline company Snam (SNMRY). Another stellar player is Enel (ENLAY), the largest European utilities by market capitalisation that currently offers a dividend yield of 5.3%. The company operates in approximately 48 countries on over five continents with a net installed capacity of approximately 89 GW.
Enel's income is protected