NextEra Energy Dividend Increase

Money, Profit, Finance, Business, Return, Yield

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On 14 February, NextEra Energy (NEE) increased its dividend by 10%, from 51.50¢ to 56.65¢ per share.

The dividend is payable on 17 March to shareholders of record on 28 February.

NEE's contribution to DivGro's projected annual dividend income will increase by $72.10 to $793.10.

I own 350 shares of NEE at an average cost basis of $58.45 per share. Following this increase, my yield on cost is 3.88%. (NEE's forward yield is 3.33% at $68.09 per share).

Since opening my position in June 2018, the stock has generated a total return of 23%, including $1,340.80 in dividend income. That's a strong annualized rate of return of 11%.

NEE became DivGro's 28^th Home Run stock in January 2021, when the stock doubled my original capital outlay.

5-Year History of Dividend Payouts by Ex-Date