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Saturday, February 17, 2024

NEE Dividend Increase

NextEra Energy (NEE) increased its quarterly dividend by 10.16%, from 46.75¢ to 51.5¢ per share.

The dividend will be paid on 15 March to shareholders of record on 27 February. The ex-dividend date is 26 February.

NEE's contribution to DivGro's projected annual dividend income will increase by $76 to $824.

I own 400 shares of NEE at an average cost basis of $59.57 per share. Following this increase, my yield on cost is 3.46%. (NEE's forward yield is 3.61% at $57.03 per share). 

NEE became DivGro's 28th Home Run stock in January 2021, when the stock doubled my original capital outlay.

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