Despite a 38% Plunge, This Elite Dividend Stock Continues to Generate Impressive Growth
NextEra Energy (NYSE: NEE) is having a rough year on Wall Street. Shares of the utility have plunged by roughly 38% from their 52-week high.
However, while its shares have taken a nasty tumble, the utility's underlying business is still humming along. That was evident in its impressive third-quarter earnings report it delivered Tuesday.
NextEra Energy generated $1.9 billion, or $0.94 per share, of adjusted earnings in the third quarter. That was up 10.6% year over year. That continued its trend of strong performance this year. The company's earnings per share have grown 10.8% through three quarters. It continues to benefit from the solid results of its FPL electric utility in Florida and the strength of its energy resources segment.
Source Fool.com
