>>> NextEra Energy (NYSE:NEE) is a leading renewable energy and utility company headquartered in Juno Beach, Florida. The company operates through its two wholly owned subsidiaries, Florida Power and Light and NextEra Energy Resources.
NextEra Energy is well-positioned to benefit from the global shift towards sustainable energy solutions. Its subsidiary, Florida Power & Light, is the largest electric utility company in Florida, and one of the largest in the United States. Moreover, NextEra Energy Resources is the world’s largest generator of renewable energy from the wind and sun. This segment operates energy storage facilities, an area that will see robust growth over the next decade. NextEra also had an incredible operational year in the 2023 fiscal year, while growing its backlog of solar and energy storage projects. Presently, management is extremely confident in its ability to execute its long-term strategy. NEE’s dividend yield currently stands at 2.87%, with a payout ratio that ensures the sustainability of its dividend. With 10% dividend growth forecasted through 2026, NEE stock is among the best dividend stocks to buy in 2024.