NextEra Energy, Inc. (NYSE:NEE) Shares Will Pay Quarterly Dividend of $0.62

Key Points

• NextEra Energy declared a quarterly dividend of $0.6232 per share, payable December 15 to shareholders of record on November 27. The dividend equates to $2.49 annually and a 3.0% yield.
• The company has increased its dividend for 31 consecutive years, with a 62.4% payout ratio that indicates earnings currently cover the distribution.
• NextEra reported quarterly EPS of $1.24, exceeding analysts’ $1.20 estimate, while revenue reached $8.09 billion, up 1.6% year over year but below expectations.

NextEra Energy, Inc. (NYSE:NEE - Get Free Report) declared a quarterly dividend on Thursday, October 22nd. Investors of record on Friday, November 27th will be given a dividend of $0.6232 per share by the utilities provider on Tuesday, December 15th. This represents a $2.49 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, November 27th.

NextEra Energy has raised its dividend by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 31 years. NextEra Energy has a payout ratio of 62.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect NextEra Energy to earn $4.38 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 56.8%.

NextEra Energy Stock Performance

Shares of NYSE:NEE opened at $81.90 on Friday. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.53 and a quick ratio of 0.44. The business's fifty day moving average price is $80.63 and its two-hundred day moving average price is $86.20. NextEra Energy has a fifty-two week low of $74.41 and a fifty-two week high of $98.75. The stock has a market capitalization of $170.85 billion, a price-to-earnings ratio of 18.40, a price-to-earnings-growth ratio of 2.43 and a beta of 0.64.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings data on Wednesday, October 21st. The utilities provider reported $1.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.20 by $0.04. NextEra Energy had a return on equity of 12.27% and a net margin of 40.37%. The company had revenue of $8.09 billion during the quarter, compared to analysts' expectations of $8.47 billion. During the same period last year, the business earned $1.13 earnings per share. The business's revenue was up 1.6% on a year-over-year basis. As a group, analysts predict that NextEra Energy will post 4.00 EPS for the current fiscal year.

About NextEra Energy

NextEra Energy, Inc is an energy infrastructure company headquartered in Juno Beach, Florida. Through its businesses, the company generates, transmits, distributes and sells electricity, with a focus on regulated utility operations and clean energy development.

Florida Power & Light Company, NextEra Energy's principal regulated utility, serves customers across much of Florida. FPL operates electric generation, transmission and distribution infrastructure and provides retail electricity service to residential, commercial and industrial customers.

NextEra Energy Resources develops, owns and operates renewable energy and energy storage projects, including wind and solar facilities.

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