NextEra Energy Increases Quarterly Dividend By 10%, From $0.4675 To $0.5150 Per Share
Portfolio Pulse from Benzinga Newsdesk
NextEra Energy, Inc. (NYSE:NEE) announced a 10% increase in its quarterly dividend to $0.515 per share, in line with its 2022 plan for approximately 10% annual dividend growth through at least 2024. The dividend is payable on March 15, 2024, to shareholders of record as of February 27, 2024. Additionally, the company's board approved a dividend policy aiming for a similar growth rate through at least 2026, based on a 2024 dividend base of $2.06 per share. CEO John Ketchum highlighted the company's strong financial position and its ability to exceed adjusted earnings per share growth expectations while maintaining a robust balance sheet and credit ratings.

February 16, 2024 | 5:12 pm
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NextEra Energy increased its quarterly dividend by 10% to $0.515 per share, with plans for continued growth through at least 2026. The company's strong financial position supports this policy.
The increase in dividends is a positive signal to investors, indicating NextEra Energy's strong financial health and confidence in future earnings. This move is likely to attract income-focused investors and could lead to a short-term increase in stock price due to perceived stability and growth prospects.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100