United Utilities (UUGRY) ("UU") is a UK water company that has paid consistently high dividends, currently yielding near 5%. In the UK, utilities go through price reviews every five years, and United Utilities, given the positive regulatory outcome late last year, looks almost certain to be able to continue to be a high-yielding low-risk position.
I have been following UK utilities for about five years. I purchased and held two ADRs which I consider a substitute for fixed income allocation in my portfolio. The regulated nature of the sector makes these stocks (if