NextEra Energy offers steady dividend growth and is positioned for future success

From Nasdaq: 2024-06-15 18:08:00

Summary:
NextEra Energy (NYSE: NEE) offers a dividend yield of around 2.7%, making it appealing for dividend growth investors. Despite a lower yield compared to the sector average, the company has achieved significant dividend growth over the past decade. Wall Street values the well-run utility, positioning it as a stock for those interested in long-term dividend growth rather than high immediate yields.

Looking to the future, NextEra Energy anticipates continued success, with projected earnings and dividend growth of 6-8% and 10% annually, respectively, through at least 2027. The company’s focus on renewable power aligns with increasing demand for clean energy in the United States, propelling its growth prospects.

Although historically an expensive stock, investors seeking long-term dividend growth potential may find NextEra Energy a compelling investment. Despite not being highlighted among the 10 best stocks by Motley Fool Stock Advisor, NextEra Energy’s track record of dividend growth and investment in renewable power bode well for future returns.



Read more at Nasdaq: Is NextEra Energy Stock a Buy?