NextEra Energy Inc. (NEE) will raise its quarterly dividend by 10 percent to $0.385 per share in 2021, adjusted for the 1:4 stock split in October 2020. Last year the company hiked its dividend by 12.0 percent to $1.40 per share (35 cents if adjusted for the 2020 stock split) in the first quarter of 2020. NextEra has now raised the dividend 27 consecutive years.

The next dividend is payable on March 15, 2021, to shareholders of record on February 26, 2021. The new annualized rate of $1.54 per share yields 1.9% at a stock price of $80.94. NextEra will now pay more than $3 billion in dividends to shareholders annually.

NextEra Energy, Inc. is a clean energy company headquartered in Juno Beach, Florida. NextEra Energy owns two electric companies in Florida: Florida Power & Light Company, which serves customer accounts in Florida and is one of the largest rate-regulated electric utilities in the United States; and Gulf Power Company, which serves customers in counties throughout northwest Florida. NextEra Energy also owns NextEra Energy Resources, LLC, which, together with its affiliated entities, is the world's largest generator of renewable energy from the wind and sun and a world leader in battery storage. Through its subsidiaries, NextEra Energy generates clean, emissions-free electricity from eight commercial nuclear power units in Florida, New Hampshire, Iowa and Wisconsin.