5 Best August Dividend Stocks To Buy

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

Ex-Dividend Date: August 29

NextEra Energy, Inc. (NYSE:NEE) is a Florida-based company that specializes in energy generation and transmission. The company’s main focus is on renewable energy and sustainable practices. In the second quarter of 2023, the company reported revenue of $.735 billion, up 42% on a year-over-year basis. Its adjusted net income for the quarter came in at $781 million, compared with $683 million in the prior-year quarter.

NextEra Energy, Inc. (NYSE:NEE), one of the best dividend stocks, currently pays a quarterly dividend of $0.4675 per share. The company has raised its payouts consistently for the past 27 years. The stock has a dividend yield of 2.57%, as of July 29.

Of the 943 hedge funds tracked by Insider Monkey in Q1 2023, 59 hedge funds owned stakes in NextEra Energy, Inc. (NYSE:NEE), worth collectively over $1.11 billion.