NextEra Energy, Inc. (NYSE:NEE) Plans Dividend Increase – $0.62 Per Share

NextEra Energy, Inc. (NYSE:NEE) announced a quarterly dividend on Friday, February 13th. Investors of record on Friday, February 27th will be given a dividend of 0.6232 per share by the utilities provider on Monday, March 16th. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Friday, February 27th. This is a 10.0% increase from NextEra Energy’s previous quarterly dividend of $0.57.

NextEra Energy has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 31 consecutive years. NextEra Energy has a dividend payout ratio of 62.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect NextEra Energy to earn $3.96 per share next year, which means the company should continue to be able to cover its $2.49 annual dividend with an expected future payout ratio of 62.9%.

NextEra Energy Trading Down 0.1%

Shares of NYSE:NEE traded down $0.08 during trading on Wednesday, reaching $95.60. The stock had a trading volume of 2,796,167 shares, compared to its average volume of 9,273,560. NextEra Energy has a fifty-two week low of $61.72 and a fifty-two week high of $95.91. The business has a fifty day moving average price of $85.29 and a 200-day moving average price of $81.32. The stock has a market cap of $199.19 billion, a P/E ratio of 29.04, a PEG ratio of 2.91 and a beta of 0.76. The company has a quick ratio of 0.49, a current ratio of 0.60 and a debt-to-equity ratio of 1.35.

NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.01. The business had revenue of $6.50 billion for the quarter, compared to analyst estimates of $7.07 billion. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The business’s quarterly revenue was up 20.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.53 EPS. As a group, analysts anticipate that NextEra Energy will post 3.68 earnings per share for the current fiscal year.

About NextEra Energy

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.