NextEra Energy, Inc. (NYSE:NEE) has made its way onto the list of 12 Reliable Dividend Stocks for Maximum Income.
NextEra Energy, Inc. (NYSE:NEE) is a fast-growing power producer, primarily harnessing renewable energy sources and distributing it to utility companies in various regions. The company’s success is driven by consistent electricity demand and the global transition toward clean energy, both of which solidify its status as a blue-chip investment.
As one of the largest utility companies in the U.S. and a prominent player in renewable energy globally, NextEra Energy, Inc. (NYSE:NEE) also enjoys the benefits of its Florida base, a state experiencing significant population growth and increasing solar energy adoption.
In the last twenty years, NextEra Energy, Inc. (NYSE:NEE) has successfully raised its dividend at an impressive compound annual growth rate of around 10%, leading to an overall annual return exceeding 15%. While its dividend yield may be lower than that of many competitors, the steady dividend growth more than compensates for this. Looking forward, the company anticipates raising its dividend by approximately 10% annually through at least 2026, continuing its remarkable track record of 29 consecutive years of dividend increases. Currently, it offers a quarterly dividend of $0.5665 per share and a dividend yield of 2.69%, as of October 13.
While we recognize the investment potential of NEE, we believe that some AI stocks present greater upside potential with less downside risk. If youâre in search of an undervalued AI stock that stands to gain from Trump-era tariffs and the trend of onshoring, check out our free report on the best short-term AI stock.
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