What is an Annuity for Retirement? 5 Dividend Stocks to Buy Instead

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

Number of Hedge Fund Holders: 65

NextEra Energy, Inc. (NYSE:NEE) is next on our list of dividend stocks to buy instead of wondering what is an annuity for retirement. The company currently offers a quarterly dividend of $0.515 per share, having raised it by 10% in February this year. This marked the company’s 28th consecutive year of dividend growth. The stock has a dividend yield of 3.12%, as of April 28.

The number of hedge funds tracked by Insider Monkey holding stakes in NextEra Energy, Inc. (NYSE:NEE) grew to 65 in Q4 2023, from 58 in the previous quarter. These stakes are collectively valued at nearly $1 billion.

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