This Elite Dividend Stock Continues to Produce Powerful Growth
NextEra Energy (NYSE: NEE) has an elite track record of paying dividends. The clean energy-focused utility has increased its payment every year for three decades. It has delivered supercharged growth over the past 10 years, increasing its payout at an 11% compound annual rate. The company currently offers a 3.1%-yielding dividend, more than double that of the S 500's 1.4%.
The dividend growth machine is showing no signs of stopping. The utility has gotten off to a strong start, keeping it on track to deliver on its long-term growth outlook.
NextEra Energy's adjusted earnings grew by 8.3% per share in the first quarter. That's a strong rate for a utility. The company benefited from solid operational and financial performance at its regulated electric utility in Florida (FPL) and energy resources segment.
Source Fool.com
