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Sunday, February 20, 2011

NextEra Energy Increases Quarterly Dividend 10% to 55 Cents

NextEra Energy Inc. (NEE) boosted its quarterly dividend by 10%, the latest company making a move to return cash to shareholders.

The company, which serves 4.5 million customers as Florida's largest utility company and is also the largest renewable energy provider in the U.S., raised the dividend by a nickel to 55 cents a share. It's payable on March 15 to shareholders of record on March 4.

A number of companies have been boosting or implementing dividends lately, looking to return value to shareholders as they dwindle cash piles built up during the recession.

NextEra last month said its third-quarter profit dropped 25% as sales and margins declined and usage at its electric utility decreased due to weather.

Shares recently increased 0.4% to $54.45. The stock has risen 19% in the past year.

Disclosure None. 

1 comment:

  1. Now here's a electric utility thats in the right state florida. A great company NextEra energy is in a good position to take advantage of the high growth rate in the state of florida.