This Elite Dividend Stock Continues to Generate Powerful Growth
NextEra Energy (NYSE: NEE) has an elite growth track record. The utility has increased its dividend annually for more than a quarter of a century. It has grown its payout at a compound annual rate of roughly 9.9% over the last 15 years, which is incredibly fast for a utility. That has helped power it to strong total returns of 16.6% annualized over the past 10 years compared to 12.6% for the S 500.
Its focus on clean energy is powering the company's supercharged growth. It's a leading producer of electricity from the wind and sun. That strategy is delivering high-powered earnings growth, which should continue thanks to its growing backlog of new renewable energy development projects.
NextEra Energy recently reported excellent second-quarter results. The utility generated adjusted earnings of nearly $1.8 billion, or $0.88 per share. That was an 8.6% increase from the year-ago period. Meanwhile, its earnings during the first half were up 11% compared to the prior-year period.
Source Fool.com
