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.

StockDividend YieldPay-out RatioP/E RatioP/B RatioROE5y Dividend Growth10y Dividend Growth
Atlantica Sustainable Infrastructure8.04%516.80%85.71%1.99%0.02%6.00%0.00%
Hannon Armstrong Sustainable Infrastructure Capital5.39%85.06%16.14%0.00%0.00%3.66%14.17%
NextEra Energy Partners19.75%383.82%8.34%0.50%0.06%14.55%0.00%
Brookfield Renewable Partners5.79%-617.21%-40.84%0.00%-0.05%-7.18%-0.71%
Clearway Energy5.67%269.67%27.76%1.59%0.06%4.15%0.00%
NextEra Energy2.70%59.48%22.51%3.13%0.14%-15.88%-3.39%
Dominion Energy4.69%91.87%19.65%1.74%0.09%-4.38%1.73%
Duke Energy3.63%92.18%20.36%1.79%0.09%2.24%2.77%
Southern3.32%63.19%20.02%2.84%0.15%3.16%3.28%
TotalEnergies5.83%44.99%7.77%1.13%0.14%1.19%-0.11%
BP6.25%182.37%29.24%1.22%0.04%-7.33%-2.73%
Chevron4.09%70.19%17.20%1.84%0.10%6.16%4.47%
Exxon Mobil3.35%47.99%15.20%1.91%0.14%2.64%4.11%
General Electric0.53%12.65%30.25%10.01%0.26%-2.87%-8.65%
Shell4.28%55.99%12.87%1.07%0.08%-8.03%-3.57%
AES5.19%49.42%9.89%2.87%0.32%5.00%15.29%
Eversource Energy4.57%-135696.54%-40.34%1.47%-0.04%5.97%3.93%
Brookfield Asset Management2.63%307.51%53.91%7.52%0.17%0.00%0.00%
Edison International3.56%83.84%22.45%2.16%0.10%4.27%8.15%
Xcel Energy2.28%61.08%21.25%2.07%0.10%6.47%6.48%
Constellation Energy0.55%14.75%28.02%6.38%0.25%0.00%0.00%
Sempra2.73%57.84%19.64%7.31%0.12%-0.06%3.54%
Avangrid4.87%60.70%12.47%0.71%0.06%0.18%0.00%
Consolidated Edison3.44%59.16%18.12%1.53%0.09%2.53%2.79%
Public Service Enterprise 2.55%58.12%22.80%2.88%0.13%4.84%4.70%
Fortis2.76%48.41%18.80%1.39%0.07%4.81%3.15%