5 Best Environmental Dividend Stocks To Invest In According To Analysts

In this article, we discuss 5 best environmental dividend stocks to invest in according to analysts. If you want to read our detailed analysis of ESG investing and its prospects, go directly to read 13 Best Environmental Dividend Stocks To Invest In According To Analysts.

5. NIKE, Inc. (NYSE:NKE)

Upside Potential as of February 23: 17.60%

NIKE, Inc. (NYSE:NKE) is a multinational corporation that designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company focuses on sustainable sourcing of materials, energy efficiency, waste reduction, and water conservation across its supply chain and operations. It currently pays a quarterly dividend of $0.37 per share and has a dividend yield of 1.40%, as of February 23. The company has been growing its dividends for the past 22 years, which makes NKE one of the best dividend stocks on our list.

At the end of Q4 2023, 69 hedge funds tracked by Insider Monkey reported having stakes in NIKE, Inc. (NYSE:NKE), which remained the same as in the previous quarter. The consolidated value of these stakes is more than $3.53 billion.

4. Air Products and Chemicals, Inc. (NYSE:APD)

Upside Potential as of February 23: 18.16%

Air Products and Chemicals, Inc. (NYSE:APD) is an American gases company that specializes in producing and distributing atmospheric gases, process gases, and specialty gases. The company is a leader in clean energy solutions, particularly hydrogen energy and fuel cell technologies. It offers a quarterly dividend of $1.77 per share, growing it by 1.1% in January this year. Through this increase, the company stretched its dividend growth streak to 42 years, which makes APD one of the best environmental dividend stocks on our list. As of February 23, the stock has a dividend yield of 3.04%.

According to Insider Monkey’s database of Q4 2023, 42 hedge funds owned stakes in Air Products and Chemicals, Inc. (NYSE:APD), compared with 43 in the previous quarter. The total value of these stakes is over $826.3 million. Ken Griffin’s Citadel Investment Group was the largest stakeholder of the company in Q4.

3. Albemarle Corporation (NYSE:ALB)

Upside Potential as of February 23: 22.08%

Albemarle Corporation (NYSE:ALB) is a global specialty chemicals company that develops, manufactures, and markets a wide range of chemicals and chemical-based products. The company invests in clean technologies, energy efficiency initiatives, and renewable energy sources to mitigate climate change impacts and protect natural ecosystems. On February 22, the company announced a quarterly dividend of $0.40 per share, which fell in line with its previous dividend. Overall, it holds a 29-year streak of consistent dividend growth, which places ALB on our list of the best dividend stocks. The stock’s dividend yield on February 23 came in at 1.33%.

As of the end of Q4 2023, 27 hedge funds reported having stakes in Albemarle Corporation (NYSE:ALB), down from 37 in the preceding quarter, as per Insider Monkey’s database. These stakes are worth over $311 million in total. Among these hedge funds, Coatue Management was the company’s leading stakeholder in the fourth quarter.

2. AT&T Inc. (NYSE:T)

Upside Potential as of February 23: 22.3%

AT&T Inc. (NYSE:T) is an American multinational telecommunications conglomerate. The company is actively engaged in climate change mitigation efforts and supports the transition to a low-carbon economy. The company has committed to reducing its greenhouse gas emissions intensity, increasing energy efficiency, and sourcing renewable energy for its operations. It currently pays a quarterly dividend of $0.2775 per share and has a dividend yield of 6.61%, as of February 23.

The number of hedge funds tracked by Insider Monkey owning stakes in AT&T Inc. (NYSE:T) jumped to 66 in Q4 2023, from 52 in the previous quarter. The overall value of these stakes is nearly $4 billion.

1. American Tower Corporation (NYSE:AMT)

Upside Potential as of February 23: 26.6%

An American real estate investment trust company, American Tower Corporation (NYSE:AMT) tops our list of the best environmental dividend stocks. It considers environmental factors in the siting, design, and construction of its communication infrastructure. The company has been raising its dividends for the past 13 consecutive years and currently pays a quarterly dividend of $1.70 per share. As of February 23, the stock offers a dividend yield of 3.58%.

As of the end of the December quarter of 2023, 56 hedge funds owned stakes in American Tower Corporation (NYSE:AMT), compared with 60 in the previous quarter. The consolidated value of these stakes is over $3.23 billion.

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