How NextEra Energy (NEE) Strengthens a Dividend Stock Portfolio with Reliable Growth

NextEra Energy, Inc. (NYSE:NEE) is included among the Best Stocks for a Dividend Stock Portfolio.

How NextEra Energy (NEE) Strengthens a Dividend Stock Portfolio with Reliable Growth

NextEra Energy, Inc. (NYSE:NEE), the parent company of Florida Power & Light — the largest utility in the U.S. — has also established itself as a global frontrunner in wind and solar energy. The Florida-based firm continues to invest heavily, channeling $2 billion in capital expenditures and bringing an additional 1.1 GW of solar, wind, and storage capacity online in the second quarter of 2025.

Even with federal measures aimed at slowing the expansion of renewable energy, NextEra Energy, Inc. (NYSE:NEE) secured another 3.2 GW of projects during the same period. This pushed its development backlog to nearly 30 GW, a figure that comes close to the 38 GW of total operating capacity reported by its energy resources division at the end of March 2025.

NextEra Energy, Inc. (NYSE:NEE) is also popular among income investors because of its stable dividend history. The company has raised its payouts for 29 years in a row, which makes it one of the best stocks for dividend stock portfolio. Currently, it offers a quarterly dividend of $0.5665 per share and has a dividend yield of 3.20%, as of September 18.

While we acknowledge the potential of NEE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NEE and that has a 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None.