NextEra Energy Board Declares Quarterly Dividend

Source: www.gulfoilandgas.com 2/12/2021, Location: North America

The board of directors of NextEra Energy, Inc. (NEE) declared a regular quarterly common stock dividend of $0.385 per share, up 10% versus the prior-year comparable quarterly dividend.

This increase is consistent with the plan approved by the board in 2020, targeting roughly 10% dividend growth per year through at least 2022 off a 2020 base. The dividend is payable on March 15, 2021, to shareholders of record on Feb. 26, 2021.

"The board's approval to continue to grow our dividends per share in excess of our long-term expected adjusted earnings per share growth rate is a result of our success in executing on our industry-leading business strategy," said Jim Robo, chairman and chief executive officer of NextEra Energy. "With a 61% payout ratio at the end of 2020, well below the peer average of approximately 64%, and the continued strength of the earnings and operating cash flow growth at NextEra Energy, we remain well-positioned to continue to support the dividend policy going forward. I believe we continue to offer a best-in-class investor value proposition, with above-average dividend growth and clear visibility to deliver financial results at or near the top end of our adjusted earnings per share expectations ranges in 2021, 2022 and 2023, while at the same time maintaining our strong credit ratings."


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