11 Best Dividend Aristocrat Stocks to Invest in Now

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7. NextEra Energy, Inc. (NYSE:NEE)

Number of Hedge Fund Holders: 75

NextEra Energy, Inc. (NYSE:NEE) traces its origins back to December 28, 1925, when it was founded as Florida Power & Light Company (FPL). In its early years, FPL operated a variety of businesses, including power plants, water and gas facilities, ice companies, laundry services, and even an ice cream venture. According to the company’s website, FPL played a role in the historic 1969 Apollo 11 moon mission by building the Cape Canaveral Plant and strengthening the nearby electrical infrastructure.

NextEra Energy, Inc. (NYSE:NEE) is a strong dividend stock. Its dividend yield of 3.2% stands out among clean energy peers, and a five-year dividend growth rate of 10.5% highlights its strong focus on delivering value to shareholders. With a payout ratio of 59.7%, the company continues to strike a solid balance between reinvesting in future growth and maintaining consistent dividend payments.

NextEra Energy, Inc. (NYSE:NEE) has been raising its payouts for 29 years consistently and currently offers a quarterly dividend of $0.5665 per share.

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