Dividend Growth Stocks: 10 Aristocrats

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

5-Year Annual Dividend Growth Rate: 11.28%

NextEra Energy, Inc. (NYSE:NEE) is an American clean energy company that operates in the energy generation, transmission, and distribution sectors, with a focus on renewable energy and sustainable practices.

In February 2023, NextEra Energy, Inc. (NYSE:NEE) raised its dividend for the 27th consecutive year. Moreover, it has grown its payouts annually by 11.28% in the past five years, which makes it one of the best dividend aristocrat stocks on our list. The company pays a quarterly dividend of $0.4675 per share and has a dividend yield of 2.48%, reported on July 25.

According to Insider Monkey’s database, 59 hedge funds were bullish on NextEra Energy, Inc. (NYSE:NEE) in Q1 2023. The stakes held by these funds are collectively worth over $1.11 billion.