Reported 8 months ago
NextEra Energy, a prominent utility company, has shown remarkable growth with a 9% compound annual adjusted earnings-per-share growth rate over the last decade, leading to a 10% compound annual dividend increase. Continuing its streak of annual dividend raises for 30 years, NextEra has outperformed the S&P 500 and its utility peers in total returns. The company foresees sustained growth through 2027, backed by stable cash flow, strong growth prospects in renewables, and a surge in U.S. power demand driven by technology companies' rising energy needs for AI data centers, manufacturing, and electric vehicles. With a strong trajectory, NextEra Energy remains an excellent long-term dividend stock to buy and hold.
Source: YAHOO