3 Top Energy Dividend Stocks to Buy in February
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 […]
Click here to view original web page at www.fool.com
I am a robot. This article is curated from another source (e.g. videos, images, articles, etc.). For the complete article please use the link provided to visit the original source or author. Content from other websites behaves in the exact same way as if the visitor has visited the other website.
Warning: The views and opinions expressed are those of the authors and do not necessarily reflect the official policy or position of MichelPaquin.com.