NextEra Energy Inc. (NEE) will raise its quarterly dividend by 10.4 percent to 42.5 cents per share in 2022. This follows a dividend hike of 10 percent to $0.385 per share in 2021, adjusted for the 1:4 stock split in October 2020. Dividend Aristocrat NextEra has now raised the dividend 28 consecutive years.

The next dividend is payable on March 15, 2022 and the next ex-dividend date for NEE is February 28, 2022. The new annualized rate of $1.70 per share yields 2.3% at a stock price of $74.15. NextEra will now pay an estimated $3.3 billion in dividends to shareholders annually. The average dividend growth rate for NEE is 11.6 percent annually based on the last five years.

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.