N@N

2 Dividend Stocks to Double Up on Right Now

^{Published on 2024-12-10 20:21:07 - The Motley Fool}
 

• As a result, this looks like an opportune time for investors to take a chance and buy shares of these two Dividend Kings. Target made strides in 2024 in correcting an inventory imbalance caused by stocking up on too many discretionary spending items.

The article from The Motley Fool, published on December 10, 2024, discusses two dividend stocks that investors might consider doubling up on due to their strong fundamentals and growth prospects. Brookfield Renewable Partners is highlighted for its diversified renewable energy portfolio, which includes hydroelectric, wind, solar, and energy storage, offering a 5.3% yield. The company has a track record of increasing its distribution annually, with a 5.7% hike in 2024, and is poised for growth due to the global shift towards sustainable energy. NextEra Energy is the other stock, known for its dual focus on regulated utilities and renewable energy, providing a 3.2% yield. It has a robust growth plan, aiming for significant earnings growth through 2026, driven by investments in clean energy and infrastructure. Both companies are seen as solid choices for investors looking for income and growth in the evolving energy sector.

Read the Full The Motley Fool Article at:
[ https://www.fool.com/investing/2024/12/10/2-dividend-stocks-to-double-up-on-right-now/ ]

Contributing Sources

---