5 Best Dividend Stocks to Buy According to Billionaire Stan Druckenmiller

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

Number of Hedge Fund Holders: 61
Dividend Yield: 1.98%

NextEra Energy, Inc. (NYSE:NEE) is a clean energy company with its headquarters in Juno Beach, Florida. The company owns and operates Florida Power & Light Company, the largest rate-regulated electric utility in the US with over 5.6 million accounts and 11 million residents in Florida. NextEra Energy also owns NextEra Energy Resources, LLC, a competitive clean energy business, the largest producer of wind and solar energy globally. NextEra and privately-held OPAL Fuels plans to extract methane from a Minnesota landfill.

Recently the company appointed Lynn M. Utter to its Board of directors before the Board declared a $0.385 per share for the first quarter of 2021. This is a 10% increase compared to what was declared during the same period last year. The increase is in line with the Board’s strategic plan to increase dividends by 10% every year up to 2022.

For the fourth quarter of 2020, NextEra Energy, Inc. (NYSE:NEE) reported $5 million, compared to 975 million, or $0.50 per share in net income reported in the fourth quarter of 2019. The company reported $2.919 billion, or $1.48 per share in net income for the whole year 2020, a drop from the $3.769 billion, or $1.94 per share reported in 2019.