According to Dividend Channel, NextEra Energy Inc (Symbol: NEE) has been recognized as one of the top 10 dividend paying utility stocks. The company exhibits attractive valuation metrics and strong profitability metrics compared to other utilities. Additionally, NextEra Energy Inc has a solid history of quarterly dividends and favorable long-term growth rates in key fundamental data points.
Dividend Channel stated, “Dividend investors who focus on value are generally interested in researching companies that are both profitable and undervalued. This is what our proprietary DividendRank formula aims to find, generating a list of the most ‘interesting’ stocks for further research.”
NextEra Energy Inc currently pays an annualized dividend of $1.87/share in quarterly installments. The most recent dividend was paid on 08/29/2023. Dividend Channel stresses the importance of studying a company’s long-term dividend history to assess the likelihood of future dividends.
You can find the full list of the top 10 DividendRank’ed Utility Stocks here.
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