15 Best Dividend Aristocrat Stocks with Over 3% Yield

2. Eversource Energy (NYSE:ES)

Dividend Yield as of March 29: 4.92%

Eversource Energy (NYSE:ES) is a Boston-based electric services company that offers essential energy services to its consumers. By opting to divest Aquarion, a transaction expected to be finalized by late 2025, the company aims to enhance its balance sheet while maintaining its focus on regulated electric and natural gas utility operations. Although certain challenges are expected in 2025, the company also sees substantial and appealing prospects for system investments. This is reflected in a 10 percent increase in its five-year investment plan through 2029, which is expected to reinforce regional infrastructure and contribute to the expansion of clean energy. These opportunities are seen as key drivers in achieving the company’s long-term growth target of 5 to 7 percent.

In the fourth quarter of 2024, Eversource Energy (NYSE:ES) reported a revenue of $2.97 billion, which showed a 10.2% growth from the same period last year. The company’s transmission segment generated $724.6 million in 2024, compared with $643.4 million in 2023.  Its operating income and interest expense for the quarter came in at $347.8 million and $288.7 million, respectively.

Eversource Energy (NYSE:ES) is one of the recent additions to the Dividend Aristocrat Index. In January, the company announced a 5.2% hike in its quarterly dividend to $0.7525 per share. This marked the company’s 25th consecutive year of dividend growth, which makes it one of the best dividend aristocrat stocks on our list. As of March 29, the stock has a dividend yield of 4.92%.