3 Top Energy Dividend Stocks to Buy in February
Key Points
Brookfield Renewable recently increased its high-yielding dividend by another 5%.
Atlantica Sustainable Infrastructure offers a dividend yield above 5% with solid long-term growth prospects.
NextEra Energy’s sell-off last month pushed its dividend yield to a more attractive level.
The stock market has gotten off to a rocky start in 2022. It corrected last month, declining by 10% from its recent high. While market sell-offs are challenging, they do provide opportunities for long-term investors.
One of the benefits of lower stock prices is that it pushes up the yield on dividend-paying stocks. That enables investors to collect more passive income over the long term. With the energy sector known for paying above-average dividends, it’s offering investors several appealing options this month. Three that stand out are Brookfield Renewable ( NYSE:BEPC )( NYSE:BEP ), Atlantica Sustainable Infrastructure ( NASDAQ:AY ), and NextEra Energy ( NYSE:NEE ). Image source: Getty Images. The steady dividend growth continues
Shares of Brookfield Renewable fell about 6% last month, pushing its dividend yield to 3.6%. That’s well above the market’s current average of around 1.3%.
That slump came even though the renewable energy producer locked up more growth last month . It agreed to acquire clean power developer Urban Grid, adding a massive backlog of development projects.Meanwhile, Brookfield Renewable had more good news for its investors in February. The company reported strong fourth-quarter results, highlighted by the continued strength of its hydropower operations .Brookfield also announced a 5% dividend increase. That marked the 11th consecutive year the company has given its investors a raise.Brookfield sees more dividend growth ahead, targeting 5% to 9% growth over the long term. It has plenty of power to support that forecast between rising power prices, its growing scale, and its extensive development pipeline. With shares now cheaper […]
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