The Best Energy Dividend Stock for a Decade of Passive Income

Electric vehicles. Hydrogen power. Battery technology. The hype around clean energy investments hit stratospheric heights in 2020 and 2021. But in 2022, many investors have felt the air seep out of the clean energy bubble, and many of these stocks are down 80% or even more than 90%. There is a ton of risk in buying into these early-stage clean energy companies since most of them are losing money or not even generating any sales at the moment.

But the risk-levels aren't the same with all energy companies. If you want to invest in the clean energy revolution but don't want to add high-risk stocks to your portfolio, utility Xcel Energy (NASDAQ: XEL) is a perfect dividend stock for you.

Xcel Energy is a standard electric and natural gas utility. It has operations ranging throughout the middle of the United States, from the upper Midwest in Wisconsin and Minnesota to Colorado, New Mexico, and Texas. As of this writing, it has 3.7 million electricity customers and 2.1 million natural gas customers. The company has consistently grown over the years, putting up a total return of more than 6,000% since going public.

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Source Fool.com