3 Utility Dividend Stocks to Buy Hand Over Fist in June

Core Viewpoint - The article discusses three utility companies—NextEra Energy, Brookfield Renewable, and Dominion Energy—highlighting their dividend growth potential and strategies in the clean energy sector. Group 1: NextEra Energy - NextEra Energy is characterized as a "dividend growth machine," with a significant portion of its business stemming from regulated utility operations, particularly Florida Power & Light, which provides steady growth [3] - The company has achieved an annualized dividend growth rate of around 10% over the past decade and projects to maintain this growth rate until at least 2026 [10][11] - NextEra plans to build up to 41.8 gigawatts of renewable energy by 2026, indicating substantial future growth potential [11] Group 2: Brookfield Renewable - Brookfield Renewable boasts a globally diversified portfolio of clean energy assets, including hydroelectric, solar, wind, and storage [5] - The partnership class of Brookfield Renewable yields around 5%, while the corporate class has a yield of approximately 4.5%, appealing to income-focused investors [12] - The company's strategy involves acquiring renewable power assets at attractive prices, enhancing their value through strong operations, and selling them when favorable [12] Group 3: Dominion Energy - Dominion Energy is currently in a turnaround phase, focusing on strengthening its balance sheet and reducing its dividend payout ratio [7] - The company has a current yield of around 5%, which is higher than the average utility yield of 3.3%, despite having recently cut its dividend [13] - Dominion's regulated operations and exposure to high-demand data center markets provide a reliable earnings growth story, making it attractive for long-term investors [14]