Elia Group SA

Elia Group, based in Brussels, is the operator of the high-voltage electricity transmission grid in Belgium and, through its subsidiary 50Hertz, in a large part of northern and eastern Germany. As a regulated grid monopoly, it earns steady, predictable returns and sits at the heart of the shift to renewable power, connecting offshore wind and cross-border links. Elia pays a dependable, steadily rising dividend, funded by regulated cash flow, though heavy investment in the grid means it also raises capital from shareholders. A reliable yield backed by an essential, regulated network defines its defensive income profile.