Looking for strong businesses offering attractive yields and dividend growth potential? Brookfield Renewable and WEC Energy are two energy stocks with dividends exceeding 4%, making them standout options for income investors.
Brookfield Renewable: Powering the Energy Future
Brookfield Renewable offers two investment options with yields of 5.6% and 5%, respectively. The company, overseen by Brookfield Asset Management, invests in clean energy assets globally, including hydroelectric, wind, solar, and more. With a focus on growth, Brookfield Renewable aims for 10% annual funds-from-operations growth and 5-9% distribution growth.
WEC Energy: Positioned for Growth
As a regulated utility, WEC Energy serves millions of customers, primarily in the Midwest. With a 4.4% dividend yield and a track record of annual dividend increases, it is set to benefit from a $23.7 billion capital investment plan. This plan includes transitioning to cleaner energy sources and meeting rising electricity demand, driven in part by significant investments in data centers.
Both companies offer high-yield dividends and strong growth potential. As the market reaches new highs, opportunities like Brookfield Renewable and WEC Energy showcase the potential for solid returns. Consider adding these dividend growth stocks to your portfolio this July, as they continue to deliver reliable income and growth.