Iberdrola S.A.

Iberdrola, based in Bilbao, is one of the world's largest electricity utilities and a leader in wind and solar power, running regulated grids and generation in Spain, the UK, the United States, Brazil and beyond. A huge, growing base of regulated networks and renewable plants makes it a cornerstone play on the energy transition. Iberdrola has raised its dividend steadily for many years, funded by dependable regulated cash flow, which earns it a high DiviScore. A reliable, growing yield backed by a global network of grids and clean-energy assets defines its defensive income appeal.