NextEra Energy Delivers 9.33% 5-Year Average Dividend Growth

NextEra Energy Inc NEE said that its board declared a regular quarterly common stock dividend of $0.87 per share. On a full-year basis, the dividend worked out to $3.48 a share.

The company has been boosting its dividend for 19 straight years. As a result, its average dividend growth rate was 9.33 percent in the five-year period. Also, the company has been maintaining a dividend payout ratio of more than 50 percent. For instance, the current dividend represented 55.0 percent.

Related Link: NextEra Energy Agrees To Buy Energy Future Holdings' Stake In Oncor

NextEra said that the dividend would be paid on Sept. 15 to its shareholders of record of Aug. 30. The dividend offered 2.70 percent, slightly below its five-year average yield of 2.90 percent.

The stock traded $0.72 or 0.57 percent higher at $128.13 on Friday at time of writing.

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