Your Grandma Would Love This One
I've always liked Vermont (it has nothing to do with H. Dean). In fact, Green Mountain Coffee is really tastey as is Ben & Jerry's.
Green Mountain Power (NYSE-GMP), an electric utility serving 90 thousand people in Vermont, recently raised its quarterly dividend to 28 cents per share. If they can keep that going, the stock will pay $1.12 per year. At today's open of 28.20, that is a yield of 3.97%! P/E with last years earnings is around 15. Not too expensive and in line with most utilities. -- see overview of P/E's and yields for uitilities.