3 Dividend Growth Stocks That Are Screaming Buys in November

As the investment landscape evolves, it's crucial to focus on sectors that generate stable profits and cash flows. Dividend growth stocks, particularly in sectors like utilities and renewable energy, offer attractive opportunities for income-focused investors. In this article, we will explore three dividend growth stocks that are screaming buys in November.

1. Brookfield Renewable Partners (BEP/BEPC)
Brookfield Renewable Partners is a global leader in renewable energy, with a diverse portfolio of hydroelectric, solar, wind, and storage assets. The company's focus on renewable energy positions it well to capitalize on the global shift towards cleaner energy sources. With a high yield of 5.6% for the BEP share class and 4.7% for the BEPC share class, both above their historical averages, Brookfield Renewable offers an attractive combination of income and growth.

Brookfield Renewable targets annual dividend growth between 5% and 9%, consistent with its 6% annualized growth rate since 2001. The company's strong pipeline of growth projects and global reach enable consistent dividend growth, making it an attractive choice for income investors seeking stable, inflation-protected income.


2. NextEra Energy (NEE)
NextEra Energy is a leading clean energy company with a mix of traditional regulated utility assets and clean energy investments. The company's industry-leading position in wind and solar power generation, coupled with its stable base of regulated utility assets, provides a strong foundation for dividend growth. With a 2.6% yield and a 10% annualized dividend growth rate over the past decade, NextEra Energy offers a compelling combination of income and growth.

Management aims to maintain 10% dividend growth through 2026, supported by investments in clean energy and regulated utility assets. NextEra Energy's strong competitive position and exposure to growth trends in the clean energy sector make it an attractive choice for long-term investors.


3. American Water Works (AWK)
American Water Works is the largest publicly traded water utility in the United States, providing essential water and wastewater services. The company's regulated utility structure ensures stable cash flows and consistent dividend growth. With a yield of 2.2%, above its five-year average of 1.7%, and a 10-year annualized dividend growth rate of just under 10%, American Water Works offers an attractive combination of income and growth.

American Water Works plans to invest up to $42 billion over the next decade in upgrading its water systems, supporting continued dividend growth. The company's strong competitive position and exposure to the essential nature of its services make it an attractive choice for income investors seeking capital appreciation.



In conclusion, dividend growth stocks like Brookfield Renewable Partners, NextEra Energy, and American Water Works offer attractive opportunities for income-focused investors. Their high yields, strong dividend growth rates, and compelling long-term growth stories make them excellent choices for generating stable, inflation-protected income. As the investment landscape evolves, focusing on reliable income-generating investments remains a sound strategy for securing steady returns.