Here's Why NextEra Energy Is a No-Brainer Dividend Growth Stock

NextEra Energy (NYSE: NEE) has an enviable dividend record, with a massive commitment to rewarding investors well via a growing disbursement. That's perhaps not all that shocking given that it is a utility, a type of company known for paying reliable dividends.

But there's more to the story when you start to look at the growth rate of the dividend, which could make this stock a great pick for investors who not only care about dividends, but dividend growth as well. Here's a quick look at why NextEra Energy is a no-brainer for dividend growth investors.

It would be silly to talk about a dividend growth stock without a discussion of the payout right up front. NextEra Energy has increased its dividend annually for 29 consecutive years. That's impressive and includes hikes through the Great Recession and the pandemic, among many other difficult social and economic times. 

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Source Fool.com