Redeia Corporación S.A.

Redeia, based near Madrid and formerly known as Red Eléctrica, is the operator of Spain's high-voltage electricity transmission grid, a regulated monopoly that keeps power flowing across the country, alongside interests in telecom satellites and networks. As a regulated grid, it earns steady, predictable returns central to the energy transition. Redeia has paid a high, dependable dividend for many years, funded by regulated cash flow, which earns it a solid DiviScore. A generous, reliable yield backed by an essential grid monopoly defines its defensive income appeal, though its regulatory framework caps growth.