NextEra Energy, Inc. (NEE) To Go Ex-Dividend on February 27th

NextEra Energy, Inc. (NYSE:NEE) declared a quarterly dividend on Friday, February 13th. Shareholders of record on Friday, February 27th will be given a dividend of 0.6232 per share by the utilities provider on Monday, March 16th. This represents a c) dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Friday, February 27th. This is a 10.0% increase from NextEra Energy’s previous quarterly dividend of $0.57.

NextEra Energy has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 31 consecutive years. NextEra Energy has a payout ratio of 62.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect NextEra Energy to earn $3.96 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 62.9%.

NextEra Energy Stock Performance

Shares of NYSE:NEE traded down $0.45 on Wednesday, hitting $95.23. The company’s stock had a trading volume of 3,704,780 shares, compared to its average volume of 9,303,373. NextEra Energy has a 12 month low of $61.72 and a 12 month high of $95.91. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.60. The company has a market capitalization of $198.41 billion, a price-to-earnings ratio of 28.95, a price-to-earnings-growth ratio of 2.91 and a beta of 0.76. The stock’s 50-day moving average is $85.29 and its two-hundred day moving average is $81.32.

NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. The company had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $7.07 billion. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The firm’s quarterly revenue was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.53 EPS. On average, equities research analysts forecast that NextEra Energy will post 3.68 EPS for the current year.

About NextEra Energy

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.