The Best Energy Dividend Stock for a Decade of Passive Income
The energy industry is transitioning from fossil fuels to cleaner alternative energy sources. It will take an estimated $4 trillion of investment to fully decarbonize the U.S. economy by 2050. Because of that, companies focused on this opportunity should be able to grow their earnings and dividends at attractive rates.
NextEra Energy (NYSE: NEE) is leading this charge. That makes the utility stand out as the best dividend stock for those seeking passive income over the next decade from the energy sector.
NextEra Energy's dividend currently yields about 2%, which is slightly higher than the roughly 1.7% dividend yield of the S&P 500. The clean energy-focused utility can easily support that above-average payout.
Source Fool.com
