Best Solar Dividend Stocks for High Returns in 2024
Solar Dividend Stocks offer a unique opportunity to invest in one of the fastest-growing sectors while earning steady income. As the world increasingly shifts toward renewable energy, solar companies are leading the way, driven by advancements in technology and the growing demand for clean energy solutions. Many solar companies have matured to the point where they are not only contributing to a sustainable future but also generating substantial profits, which they return to shareholders in the form of dividends. We’ll explore some of the best solar dividend stocks, highlighting why solar energy is an attractive investment opportunity for both income-seeking and growth-oriented investors.
| Stock | Dividend Yield | Pay-out Ratio | P/E Ratio | P/B Ratio | ROE | 5y Dividend Growth | 10y Dividend Growth |
|---|---|---|---|---|---|---|---|
| Atlantica Sustainable Infrastructure | 7.09% | 516.80% | 85.09% | 1.98% | 0.02% | 6.00% | 0.00% |
| Hannon Armstrong Sustainable Infrastructure Capital | 5.19% | 85.06% | 16.76% | 0.00% | 0.00% | 3.66% | 14.17% |
| NextEra Energy Partners | 20.07% | 383.82% | 8.21% | 0.49% | 0.06% | 14.55% | 0.00% |
| Brookfield Renewable Partners | 5.97% | -617.21% | -39.59% | 0.00% | -0.05% | -7.18% | -0.71% |
| Clearway Energy | 5.79% | 269.67% | 27.66% | 1.58% | 0.06% | 4.15% | 0.00% |
| NextEra Energy | 2.80% | 59.48% | 21.75% | 3.02% | 0.14% | -15.88% | -3.39% |
| Dominion Energy | 4.94% | 91.87% | 18.66% | 1.65% | 0.09% | -4.38% | 1.73% |
| Duke Energy | 3.80% | 92.18% | 19.43% | 1.71% | 0.09% | 2.24% | 2.77% |
| Southern | 3.44% | 63.19% | 19.33% | 2.74% | 0.15% | 3.16% | 3.28% |
| TotalEnergies | 5.99% | 44.99% | 7.56% | 1.10% | 0.14% | 1.19% | -0.11% |
| BP | 6.08% | 182.37% | 30.08% | 1.26% | 0.04% | -7.33% | -2.73% |
| Chevron | 4.24% | 70.19% | 16.61% | 1.77% | 0.10% | 6.16% | 4.47% |
| Exxon Mobil | 3.46% | 47.99% | 14.68% | 1.84% | 0.14% | 2.64% | 4.11% |
| General Electric | 0.55% | 12.65% | 29.05% | 9.61% | 0.26% | -2.87% | -8.65% |
| Shell | 4.33% | 55.99% | 12.71% | 1.06% | 0.08% | -8.03% | -3.57% |
| AES | 5.17% | 49.42% | 9.94% | 2.89% | 0.32% | 5.00% | 15.29% |
| Eversource Energy | 3.60% | -178.91% | -38.95% | 1.42% | -0.04% | 5.97% | 3.93% |
| Brookfield Asset Management | 2.65% | 307.51% | 53.57% | 7.48% | 0.17% | 0.00% | 0.00% |
| Edison International | 3.76% | 83.84% | 21.28% | 2.05% | 0.10% | 4.27% | 8.15% |
| Xcel Energy | 2.37% | 61.08% | 20.43% | 1.99% | 0.10% | 6.47% | 6.48% |
| Constellation Energy | 0.59% | 14.75% | 26.15% | 5.95% | 0.25% | 0.00% | 0.00% |
| Sempra | 2.78% | 57.84% | 19.26% | 7.16% | 0.12% | -0.06% | 3.54% |
| Avangrid | 4.95% | 60.70% | 12.26% | 0.70% | 0.06% | 0.18% | 0.00% |
| Consolidated Edison | 3.58% | 59.16% | 17.40% | 1.47% | 0.09% | 2.53% | 2.79% |
| Public Service Enterprise | 2.05% | 58.12% | 21.54% | 2.72% | 0.13% | 4.84% | 4.70% |
| Fortis | 2.89% | 48.41% | 17.96% | 1.33% | 0.07% | 4.81% | 3.15% |