Engie SA

Engie, based near Paris, is one of Europe's largest energy utilities, running electricity networks, gas infrastructure, a growing fleet of renewable power plants and an energy-services business that helps customers cut consumption. That regulated and contracted backbone gives it steady, defensive cash flow as it shifts toward low-carbon energy. Engie pays a high, dependable dividend, following a clear policy of distributing a large share of recurring earnings. A generous yield with defensive characteristics makes it a classic income holding for investors who prize steady payouts from energy infrastructure.