On Friday, February 14th the Board of Directors of NextEra Energy, Inc. (NEE) announced a quarterly dividend increase of from $0.515 to $0.5665 per share that’s payable March 17, 2025 to holders of record February 28, 2025. This represents a 10.0% increase over the last quarterly dividend. This increase is consistent with the plan announced in 2024 of targeting roughly 10% annual growth in dividends per share through at least 2026, off a 2024 base.
At the current price of $69.06 (yesterday's close), this increase will raise NEE's dividend yield to 3.28%.
NextEra Energy, Inc. is a Dividend Champions with a 31 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 10.2, 10.2, 10.5 and 11.0 (Dividend Champions.xls)
As an owner of 70 shares of NextEra Energy, the recent dividend increase adds $10.74 to my projected annual net dividend income.
The increase was in line with my expectations and I am happy to accept it.
This recent dividend increase marks the third consecutive raise I’ve received from NextEra Energy since I acquired my first shares in February 2022. Over this period, NEE’s quarterly dividend has grown as expected from $0.425 to $0.5665 per share, reflecting a 33.3% increase.
The moment of writing, NEE’s weight of my portfolio is about 0.61% and its share of future annual dividend income is approximately 0.48%.
Following this increase, my yield on cost is 3.48%.
Summary of 2025 Dividend Increases / Cuts
Click here to see my portfolio holdings.
You can follow the development of my dividends here.
Full Disclosure: Long NEE
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