Dividend Delights: 3 Safe Stocks Yielding Over 7% in Uncertain Times

Core Viewpoint - The article highlights three high-yield dividend stocks that meet specific criteria, focusing on companies in defensive sectors with dividend yields greater than 7% and market capitalizations of at least $2 billion. Group 1: NextEra Energy Partners (NEP) - NextEra Energy Partners is recognized for its strong dividend history and focus on renewable energy, owning 48.6% of NEP OpCo, which invests in wind facilities and has a diverse energy asset portfolio [2][3] - The company offers an 11.35% dividend yield with a forward annual dividend of $3.57, positioning it favorably among utility stocks [2] - In Q1'24, NEP reported a revenue growth of 4.90% year-over-year and a net income turnaround to $70 million from a net loss of $14 million, indicating strong financial performance [3] Group 2: Altria Group (MO) - Altria Group, known for its tobacco brands, has a 54-year record of consistent dividend increases, classifying it as a Dividend King [5][6] - The company experienced a revenue decline of 2.5% in Q1FY'24, but basic EPS grew by 21%, reflecting operational resilience [5] - Altria offers an 8.73% dividend yield with an annual dividend rate of $3.92, making it an attractive option for income-focused investors [6] Group 3: Atlantica Sustainable Infrastructure (AY) - Atlantica Sustainable Infrastructure operates in the clean energy sector, managing renewable energy assets across various regions, including South America and North America [7][8] - The company reported a profit of $43.4 million for FY'23, a significant recovery from a loss of $5.4 million in FY'22, despite a slight revenue decrease to $1.1 billion [7] - Atlantica has $235.7 million available for distribution and pays a forward dividend rate of $1.78, translating to an 8% yield, appealing for investors seeking both income and capital growth [8]