Eversource Energy is a top dividend aristocrat stock, recently joining the Dividend Aristocrat Index

From Yahoo Finance: 2025-03-30 19:35:00

Eversource Energy (NYSE:ES) is compared to other top dividend aristocrats with high yields. Dividends are crucial in overall market returns. Dividend aristocrats signify capital growth and dividend income. These stocks have shown higher returns with lower volatility. The ability to increase dividends doesn’t compromise yield; aristocrats consistently deliver higher yields than the benchmark.

The Dividend Aristocrats Index offers lower volatility and downside protection compared to the broader market. The index has outperformed the market in down months and has a lower drawdown level. Dividend aristocrats have a market beta of 0.8. Their ability to provide consistent returns and low volatility makes them attractive to investors.

Eversource Energy (NYSE:ES) aims to enhance its balance sheet by divesting Aquarion. The company plans to focus on regulated electric and natural gas utility operations. Despite challenges, it sees opportunities for system investments and clean energy expansion. In Q4 2024, Eversource Energy reported a revenue of $2.97 billion, a 10.2% growth from the previous year.

Eversource Energy (NYSE:ES) recently joined the Dividend Aristocrat Index. The company announced a 5.2% dividend increase, marking its 25th consecutive year of dividend growth. As of March 29, the stock has a dividend yield of 4.92%. ES ranks 2nd on the list of best dividend aristocrat stocks. Consider deeply undervalued dividend stocks for potential higher returns.

Hedge funds have shown interest in dividend aristocrat stocks, as they can outperform the market. Insider Monkey’s strategy selects promising stocks. Eversource Energy (NYSE:ES) remains a solid investment choice, with a 5.2% dividend increase marking its 25th consecutive year of growth. Look for deeply undervalued dividend stocks for potential high returns.

Read more: Is Eversource Energy (ES) the Best Dividend Aristocrat Stock with Over 3% Yield?