The correct answer is      (D.)  Huaneng Power (HNP)

Thanks to China's rapid economic growth, demand for electricity is growing about +10% a year, but Chinese electric utility Huaneng Power (NYSE: HNP) is growing at an even faster rate -- about +25% annually over the past five years. Huaneng Power may be the largest publicly traded electric utility in mainland China, but the company is continuing to increase capacity through construction of new power plants (several of which are to be completed this year), as well as acquisitions.

And like its developed economy counterparts, HNP pays reliable dividends because much of its revenue comes from steady, long-term contracts with major electricity customers. Its payment history dates back to 1999, and the distribution has increased every year since 2003 -- and it's easily covered by the company's strong cash flows.

But with the Chinese government exerting so much power over the nation's businesses, stocks like HNP are harder to evaluate for income investors. Can the company maintain its dividend? Is there less risk if the Chinese government controls the prices of electricity and other commodities?

StreetAuthority editor Nick Lanyi answered these questions and more in the latest issue of his premium newsletter High-Yield International. While this month Nick dove into this Chinese cash cow, you can count on High-Yield International every month to delve deep into markets across the globe and pull out the high-yield nuggets that income investors are searching for. To learn more about High-Yield International, please visit this link.