3 Top Dividend Stocks to Buy in May

Core Insights - The S&P 500 index offers a low dividend yield of 1.3%, while companies like NextEra Energy, Chevron, and Enbridge provide significantly higher yields, with Enbridge at 5.8% [1] NextEra Energy - NextEra Energy has a current dividend yield of approximately 3.3%, more than double that of the S&P 500 index, and has increased its dividend annually for 30 years [2] - The company boasts an annualized dividend growth rate of 10% over the past decade, with management projecting this growth to continue [2][3] - NextEra operates a regulated utility in Florida and has a growing clean energy business, positioning it well for future growth in the clean power sector [3] Chevron - Chevron offers a dividend yield of 5%, having increased its dividend for 38 consecutive years, with growth rates surpassing inflation over the past decade [5] - As an integrated energy company, Chevron operates across exploration, transportation, and refining, which helps mitigate the volatility associated with commodity prices [6][7] - The company maintains a strong balance sheet, allowing it to support its business and dividend even during downturns in the energy market [7] Enbridge - Enbridge has the highest dividend yield on the list at 5.8%, with a history of increasing dividends for 30 consecutive years [8] - The company focuses on energy transportation through its North American midstream network, providing stable cash flows regardless of oil and natural gas prices [8][10] - Enbridge is also investing in cleaner energy options, including natural gas utilities and renewable energy projects like solar and wind farms [9][10] Investment Opportunities - Despite a low dividend environment in the broader market, attractive high-yield stocks like NextEra Energy, Chevron, and Enbridge present solid investment opportunities for dividend-focused investors [11]