These 2 dividend stocks will grow in 2024 and beyond

The renewable energy industry has hit a small speed bump In recent years. Rising interest rates have made project financing more expensive, impacting the sector. Higher rates have also reduced the value of income-producing assets such as renewable energy dividend stocksincreasing their yields.

However, many expect interest rates to start falling in the coming years. This should increase the value renewable energy stocks, which are benefiting from the strengthening of factors favoring decarbonization. These catalysts should be provided by leading producers of renewable energy The energy of the next era (NYSE:NEE) AND Clearway Energy (NYSE: CWEN)(NYSE: CWEN.A) power to ascend in 2024 and beyond.

NextEra Energy’s stock price is currently approximately 20% below its 2022 high, which was just before interest rates started rising. This falling share price helped push utilitarian dividend rate up to almost 3%, i.e. more than twice as much S 500 dividend rate.

Source: Fool.com