2 Reasons to Buy NextEra Energy Stock Like There's No Tomorrow
NextEra Energy (NYSE: NEE) is a giant U.S utility with a pretty impressive dividend history, having increased its payout annually for nearly three decades. And yet it's not your typical dividend-paying utility given that dividend growth has averaged a heady 10% per year over the past decade.
If you are a growth and income investor, NextEra Energy should be on your radar screen now. Here are two key reasons why.
The big reason to be attracted to NextEra Energy right now is its dividend yield, which is 3.2%. For income-focused investors, that will probably sound a bit low, because the average utility -- using Vanguard Utility ETF (NYSEMKT: VPU) as a proxy -- is offering up 3.6%. But most utilities don't grow their dividend by 10% per year; about half that figure is usually considered a solid number in the sector.
Source Fool.com
