3 Dividend Stocks I'd Buy Right Now
For investors, the chief concern when it comes to investing in renewable energy companies is their generally erratic performance. Even after decades, the industry is still evolving. It may take several more years, if not decades, before some companies in the renewable energy space start generating steady profits.
However, against that backdrop, there are other renewable energy companies that are not only generating steady cash flows but are also paying hefty dividends to their shareholders. Here are three that are already doing well and look set to grow in the long run.
At current share prices, the dividend paid by Algonquin Power & Utilities (NYSE: AQN) yields 3.8%. The company derives one-third of its income from renewable energy generation and two-thirds from rate-regulated electric, gas, and water utility businesses. In the last 10 years, the company increased its dividend at an impressive compound annual rate of 10%.
Source Fool.com
