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NextEra Energy (NEE) recently increased its quarterly dividend by 10.16%, from 46.75 cents to 51.5 cents per share. The dividend will be paid on March 15 to shareholders of record on Feb. 27. The ex-dividend date is Feb. 26.

The stock's contribution to my portfolio's projected annual dividend income will increase by $76 to $824.

I own 400 shares of NEE at an average cost basis of $59.57 per share. Following this increase, my yield on cost is 3.46% (NEE's forward yield is 3.61% at $57.03 per share). NEE became my portfolio's 28^th Home Run stock in January 2021, when the stock doubled my original capital outlay.

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