Veolia Environnement SA

Veolia, based in Paris, is the world leader in environmental services, managing water supply and treatment, waste collection and recycling, and energy efficiency for cities and industry across the globe. Long municipal and industrial contracts and the growing push for sustainability give it steady, defensive and structurally growing revenue. Veolia has paid and grown its dividend reliably, funded by dependable, contract-backed cash flow. A solid, rising yield from an essential environmental-services business with a long-term tailwind gives it a strong, defensive dividend profile.