2 Monster Dividend Stocks to Buy Now and Hold for Decades
One offers dividend growth, while the other delivers monthly income.
Overview
If you're buying dividend stocks for the long haul, a big yield isn't enough. You want companies that can keep paying, and preferably increasing, those dividends for decades. NextEra Energy (NYSE: NEE) and Realty Income (NYSE: O) have already shown they can do exactly that. So let's jump right in.
NextEra Energy gives you something most utilities can't: exposure to both a massive regulated utility and one of the country's largest renewable energy businesses. The company owns Florida Power & Light, which provides electricity to roughly 12 million people and is the largest electric utility in the United States. It also owns NextEra Energy Resources, a major developer of wind, solar, and battery storage projects.
Details
In Q2, the company added 3.6 gigawatts of renewable and battery-storage projects to its backlog. That brought the total backlog to roughly 35.1 gigawatts. That's a lot of generating capacity waiting to be built. Meanwhile, electricity demand is rising as data centers, artificial intelligence, manufacturing, and electrification place greater strain on the grid. And NextEra is perfectly positioned to capitalize on that growth for well beyond the next decade.
Source
Originally published at www.fool.com.