15 Best Dividend Aristocrat Stocks with Over 3% Yield

11. NextEra Energy, Inc. (NYSE:NEE)

Dividend Yield as of March 29: 3.22%

NextEra Energy, Inc. (NYSE:NEE) is a Florida-based renewable energy company that generates, transmits, and sells electricity. The company recently announced a CEO change as part of the company’s planned succession process. Its current executive Vice President, Brian Bolster, will become the company’s next CEO. In the past 12 months, the stock has surged by over 11%.

NextEra Energy, Inc. (NYSE:NEE)’s clean energy segment is crucial to its operations as it operates under long-term contracts and generates stable cash flow for the company. The company is also planning to expand this division rapidly with the growing demand for renewables. The management announced to boost its renewable energy capacity from 36 gigawatts to 46.5 gigawatts by 2027.

NextEra Energy, Inc. (NYSE:NEE) currently pays a quarterly dividend of $0.5665 per share, having raised it by 14% in February. Through this increase, the company stretched its dividend growth streak to 29 years, which makes it one of the best dividend aristocrat stocks. Its stable cash position enabled the company to achieve a consistent track of dividend growth. In FY24, the company generated $13.2 billion in operating cash flow. Looking forward, it plans to grow its dividend per share by around 10% annually through 2026. The stock has a dividend yield of 3.22%, as recorded on March 29.