June's Five Dividend Growth Stocks: Yields Up to 6.47%

A monthly dividend growth stock screen for June picks five stocks with yields ranging from 3.2% to 6.47% and dividend growth histories of at least five consecutive years. The author, who holds long positions in all five, focuses on companies with predictable cash flows and sustainable payouts.

VICI Properties yields 6.47%, the highest in the group. The real estate investment trust owns casinos and entertainment venues under long-term triple-net leases. It has raised its dividend for five straight years. Rent escalators built into those leases provide organic growth, and funds from operations cover the payout.

ONEOK yields 5.1%. The midstream energy company has increased its dividend for 10 consecutive years. Its network of natural gas and NGL pipelines generates fee-based cash flow that supports the distribution. The Alpha Score of 51/100 on the OKE stock page places it in mixed territory, balancing a solid yield with exposure to commodity cycles.

WEC Energy Group offers a 4.2% yield. The utility has raised its dividend for 20 straight years. Its regulated business model produces predictable earnings, and the capital plan leans heavily into renewables and grid modernization. The 49/100 Alpha Score on the WEC stock page suggests neutral valuation relative to utility peers.

NextEra Energy yields 3.2%, the lowest in the group. Its dividend growth record is the strongest: 28 consecutive years of increases. NextEra's renewables pipeline is the largest in the sector, and the company's earnings growth trajectory supports continued payout expansion. The 45/100 Alpha Score on the NEE stock page reflects the premium valuation the market assigns to that growth.

DTE Energy yields 3.8% with 15 years of dividend growth. The Michigan-based utility has a clean regulatory relationship and a capital plan focused on grid reliability and clean energy transition.

The author notes that what ties these five stocks together is their ability to generate predictable cash flows. REITs and utilities tend to have stable earnings, making their dividends more sustainable than those in cyclical sectors. For income-oriented investors, the combination of a starting yield above 3% and a multi-year history of annual increases offers a balance between current income and future purchasing power.

Disclosure: The author holds long positions in VICI, NNN, ADC, O, OKE, WEC, NEE, DTE. No business relationship exists with any mentioned company.