NEE - 2 Dividend Stocks That Are Screaming Buys in April
2024-04-03 04:29:00 ET
Major market benchmarks have been soaring, which is great news in many ways. But if you are looking to invest in dividend stocks, higher stock prices can be a big problem. In fact, thanks to the bull market rally, the yield on the S&P 500 index is now just a tiny 1.3%. Dividend growth investors can do better than that with NextEra Energy (NYSE: NEE) , and yield seekers can trounce that with ultra-high-yield Enbridge (NYSE: ENB) . Here's what you need to know to get started.
On the surface, NextEra Energy is a boring utility. And to some extent, that's true, given that its largest business is Florida Power & Light. In fact, with a $130 billion market cap , NextEra Energy is among the biggest utility stocks you can buy. However, that division makes up about 70% of the business. But don't think that NextEra Energy's regulated utility segment is totally boring, because it isn't.
Image source: Getty Images.
For further details see:
2 Dividend Stocks That Are Screaming Buys in April