5 Best American Dividend Stocks to Buy Now

1. Public Service Enterprise Group Incorporated (NYSE:PEG)

Dividend Yield as of October 4: 3.71%

Public Service Enterprise Group Incorporated (NYSE:PEG) is a New Jersey-based electric services company that provides sustainable energy services to its consumers. The company has raised its dividends 18 times in the past 19 years. Moreover, 2022 marked the company’s 115th consecutive year of consistent dividend payment. It currently pays a quarterly dividend of $0.54 per share, with a dividend yield of 3.71%, as of October 4.

In August, Morgan Stanley raised its price target on Public Service Enterprise Group Incorporated (NYSE:PEG) to $81 with an Overweight rating on the shares, as the firm presented a positive outlook on clean energy stocks.

As of the close of Q2 2022, 31 hedge funds tracked by Insider Monkey owned stakes in Public Service Enterprise Group Incorporated (NYSE:PEG), the same as in the previous quarter. These stakes hold a collective value of over $825 million. Ken Griffin and Israel Englander were some of the company’s major stakeholders in Q2.

You can also take a look at 10 Best Diversified Dividend Stocks to Buy Now and 11 Best Dividend Paying Stocks Under $50

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