NEE: Seek Yield in Utilities With NextEra Energy

NEE is a good opportunity to buy into utilities

NextEra Energy Inc (NYSE:NEE) has been named as a “Top 10” dividend-paying utility stock, according to Dividend Channel, which published its weekly ”DividendRank” report.

NextEra Energy

The report noted that, among utilities, NextEra Energy stock displayed both attractive valuation metrics and strong profitability metrics. Plus, NEE stock pays a solid 2.97% yield.

The report also cited the strong quarterly dividend history at NextEra Energy and NEE stock’s favorable long-term multi-year growth rates in key fundamental data points.

The report stated:

“Dividend investors approaching investing from a value standpoint are generally most interested in researching the strongest most profitable companies, that also happen to be trading at an attractive valuation. That’s what we aim to find using our proprietary DividendRank formula, which ranks the coverage universe based upon our various criteria for both profitability and valuation, to generate a list of the top most ‘interesting’ stocks, meant for investors as a source of ideas that merit further research.”

NextEra Energy’s annualized dividend is $3.08 per share, currently paid in quarterly installments, and NextEra Energy’s most recent ex-dividend date was on Feb. 25.

Below is a long-term dividend history chart for NEE, which Dividend Channel stressed as being of key importance. Indeed, studying a company’s past dividend history can be of good help in judging whether the most recent dividend is likely to continue.


 START SLIDESHOW: The Top 10 DividendRank’ed Utility Stocks.

Article printed from InvestorPlace Media,

©2020 InvestorPlace Media, LLC