NEE Dividend Calculator
Dividend growth rate (CAGR)
| Year | Yield | Div / share | Annual income | Yield on cost | Cumulative income | Portfolio value | Shares |
|---|---|---|---|---|---|---|---|
| 1 | 2.3% | $2.33 | $243.00 | 2.0% | $243.00 | $13,308 | 131.35 |
| 2 | 2.4% | $2.56 | $336.35 | 2.3% | $579.35 | $16,906 | 157.58 |
| 3 | 2.5% | $2.82 | $444.46 | 2.6% | $1,024 | $20,828 | 183.34 |
| 4 | 2.6% | $3.11 | $569.53 | 2.9% | $1,593 | $25,109 | 208.73 |
| 5 | 2.7% | $3.42 | $714.16 | 3.2% | $2,307 | $29,791 | 233.88 |
| 6 | 2.8% | $3.77 | $881.34 | 3.6% | $3,189 | $34,921 | 258.90 |
| 7 | 2.9% | $4.15 | $1,075 | 4.0% | $4,263 | $40,552 | 283.93 |
| 8 | 3.0% | $4.57 | $1,298 | 4.4% | $5,561 | $46,744 | 309.08 |
| 9 | 3.1% | $5.03 | $1,556 | 4.9% | $7,117 | $53,567 | 334.49 |
| 10 | 3.3% | $5.55 | $1,855 | 5.5% | $8,972 | $61,098 | 360.29 |
Year 1-10 dividend income (preview)
Based on a $10,000 initial investment with $200.00 monthly contributions, DRIP on.
Historical dividends per share
Recent dividends
| Ex-date | Cash amount | TTM yield | Fwd yield | Share price |
|---|---|---|---|---|
| 2026-02-27 | $0.62 | 3.1% | 2.7% | $93.77 |
| 2025-11-21 | $0.57 | 3.3% | 2.7% | $83.48 |
| 2025-08-28 | $0.57 | 3.8% | 3.1% | $72.09 |
| 2025-06-02 | $0.57 | 3.8% | 3.2% | $70.15 |
| 2025-02-28 | $0.57 | 3.0% | 3.2% | $70.17 |
| 2024-11-22 | $0.52 | 2.7% | 2.7% | $76.00 |
| 2024-08-30 | $0.52 | 2.5% | 2.6% | $80.51 |
| 2024-06-03 | $0.52 | 2.5% | 2.7% | $77.71 |
| 2024-02-26 | $0.52 | 4.3% | 3.7% | $55.15 |
| 2023-11-22 | $0.47 | 4.0% | 3.3% | $57.47 |
| 2023-08-29 | $0.47 | 2.7% | 2.8% | $67.51 |
| 2023-05-26 | $0.47 | 3.0% | 2.5% | $73.92 |
Source: Polygon.io. Last 12 dividend distributions, most recent first. TTM yield = sum of last 12 months of payments ÷ share price on ex-date. Forward yield = this payment × detected payout frequency ÷ share price on ex-date.
About NEE
NextEra Energy, Inc. — ticker NEE — is one of the largest electric utilities in the United States and the largest operator of wind and solar generation in the country. NextEra has raised its dividend in each of the last thirty-plus consecutive years, qualifying it for the Dividend Aristocrat bracket reserved for S&P 500 constituents with twenty-five-plus-year streaks. The streak places NextEra at the long-streak end of the US utility cohort, alongside the small group of regulated utilities that have maintained increase records across the 2008-09 financial crisis, the 2014-16 commodity downturn, the 2020 COVID demand shock, and the 2022-23 interest-rate cycle that pressured utility share prices broadly. What distinguishes NextEra from the typical utility Aristocrat is the dividend growth rate — historically materially higher than most regulated utilities, supported by the unusual combination of a regulated Florida utility footprint and a growth-oriented renewable-generation arm that contributes earnings outside the traditional regulated-rate-base framework.
NextEra operates through two principal business segments. Florida Power & Light (FPL) is the regulated electric utility serving roughly six million customers across most of the Florida peninsula — one of the largest and fastest-growing investor-owned utility service territories in the United States, with population growth and load growth meaningfully above the national average. The second segment, NextEra Energy Resources (NEER), is the unregulated competitive generation arm and the largest operator of wind and solar generation in North America. NEER's revenue model is largely contract-based — long-term power-purchase agreements with utility and corporate offtakers — which produces a recurring revenue stream that resembles regulated revenue in cash-flow stability but is structurally outside the state-utility-regulatory framework. The combination produces a dividend growth rate higher than pure regulated utilities can typically sustain.
NextEra operates in the Utilities sector but the consolidated business profile is materially different from pure regulated utilities like Duke or Southern. The blend of FPL's regulated rate-base growth (driven by Florida population growth, grid hardening for hurricane resilience, and ongoing generation modernization) with NEER's competitive renewable-generation development pipeline (driven by US renewable-energy buildout, federal tax-credit support, and corporate offtake demand) gives NextEra two distinct earnings drivers operating on partially independent paths. NextEra maintains an investment-grade credit profile (A-/A3-rated), supported by both the regulated FPL revenue stream and the contracted-cash-flow profile of the NEER fleet. The capex program is heavy and persistent — NextEra has historically invested roughly $20 billion or more per year across the two segments, which is the structural driver of long-run earnings and dividend growth. Expense ratio is not applicable to individual stocks — the figure you'll see in the calculator above is zero, since there is no fund wrapper between you and the underlying shares.
How NEE pays dividends
NextEra Energy pays cash dividends quarterly, on a March–June–September–December cadence. The board declares the per-share amount each quarter; the ex-dividend date typically falls in the last week of the second month of each quarter, and the pay date falls in the third week of the following month. Holders who own shares as of the close on the day before the ex-date receive the dividend; holders who buy on or after the ex-date wait for the next quarterly payment. On the ex-date the share price drops by approximately the distribution amount on the open, reflecting the fact that the company has paid the cash out of its balance sheet.
Holders who DRIP through their broker receive additional shares purchased at the prevailing market price around the pay date. Most major brokers offer fractional-share DRIP for NextEra, so the full cash distribution is reinvested even when the per-share amount divided by the share price doesn't produce a whole number. The mechanics are identical to any other quarterly US dividend stock — there is no managed-distribution policy, no covered-call overlay, and the cash that funds the dividend comes from the combined regulated rate-base earnings of FPL and the contracted-revenue cash flow of NEER's renewable-generation fleet.
Recent growth pattern: NextEra has typically raised the quarterly per-share amount once per year, with the new rate announced in the winter and taking effect on the March payment. The size of the annual hike has run in the high single digits to low double digits — materially higher than the typical regulated-utility Aristocrat, supported by the NEER renewable-generation contribution to consolidated earnings. The five-year trailing dividend growth rate has run roughly in the ten-percent range, and management has historically guided to roughly ten-percent annual dividend growth through specific multi-year targets. Whether NextEra sustains the high-single-digit-to-low-double-digit growth pace into future periods depends on the continued pace of NEER renewable-generation additions, the regulatory outcomes at FPL, and the broader path of US renewable-energy policy and tax-credit support. The calculator on this page uses a recent dividend growth rate to project the income line forward; for NextEra, modeling with a mid-single-digit growth assumption may be more honest for a long-window projection than extrapolating the recent ten-percent trailing pace, which depends on continued execution of the renewable-buildout program.
NextEra's dividends are qualified for the long-term capital-gains rate in taxable accounts, given the standard sixty-day holding-period rule. In tax-advantaged accounts the qualified-dividend treatment is moot because no current-year tax applies. The yield typically sits around the three-percent range — modestly below the typical regulated-utility yield, reflecting the higher dividend growth rate that the market has historically priced into the share price.
Who NEE suits
NextEra Energy suits investors who want utility-grade dividend continuity (a thirty-plus-year Aristocrat record) with materially higher dividend growth than typical regulated utilities can deliver. The trade-off is the inverse of the standard utility profile: a lower current yield in exchange for a faster-growing per-share dividend line, supported by the unusual hybrid of regulated FPL cash flow plus contracted NEER renewable-generation cash flow. NextEra is the canonical example of the utility-as-growth-stock proposition — the income stream is structured for the buy-and-hold investor who values dividend growth rate over current yield. The yield level reflects the market's pricing of that growth profile, and the relative attractiveness of NextEra against pure regulated utilities depends on the holding period — over a long enough window, the higher growth rate produces a yield-on-cost that surpasses the higher-current-yield slow-growth utility peers.
The comparison readers most often want is NEE versus other US regulated utilities — Duke (DUK), Southern Company (SO), and American Electric Power (AEP) being the most common reference points. Against DUK and SO, NextEra is the faster-growing alternative with a lower current yield — Duke and Southern offer roughly four-percent current yields and low-single-digit growth, while NextEra offers roughly three-percent current yield and historically high-single-digit-to-low-double-digit growth. Over a holding period of fifteen-to-twenty years, the math of those two yield-growth combinations crosses over — the NextEra income line catches up to and surpasses the higher-current-yield peers. The honest framing of the comparison is therefore time-horizon-dependent: NextEra wins on yield-on-cost for long-window holders, while DUK and SO win on immediate cash yield for current-income-focused holders.
The interest-rate sensitivity is structurally relevant for any utility holding. When the Fed raises short-term rates and long-term Treasury yields rise, utility share prices tend to fall as the income spread above Treasuries compresses; NextEra's share price has historically been more sensitive to rate moves than the regulated-utility average because the NEER renewable-generation business is more capital-market-dependent and more sensitive to the cost of capital. This is a structurally consistent feature of NextEra's hybrid profile, not a sign of business distress. Combined with the renewable-policy exposure (the federal investment-tax-credit and production-tax-credit regime that supports renewable-buildout economics), NextEra's yield should be read as part of a complete picture that includes execution risk on the NEER buildout pipeline.
In taxable accounts, NextEra's dividends benefit from qualified-dividend treatment. In tax-advantaged accounts the treatment is moot. As with any single-stock position, this content is educational only; it is not a recommendation to buy, sell, or hold NextEra, and individual circumstances vary. Utility-and-renewable-specific risks — including state regulatory outcomes at FPL, the pace of NEER renewable-generation additions, federal tax-credit policy, interest-rate sensitivity, the cost-of-capital implications for the renewable buildout, and the long-run path of the regulated rate base — should be weighed against the thirty-plus-year Aristocrat dividend continuity record.
Hypothetical scenarios
Scenario 1: $10,000 invested in NextEra Energy ten years ago
Consider a hypothetical purchase of $10,000 of NextEra Energy stock ten years ago, held through to the present with quarterly dividends reinvested via DRIP. The ten-year window is informative for NextEra because it spans both the renewable-energy buildout expansion of the late 2010s and the post-2022 rate-hike cycle that pressured utility share prices broadly and pressured the more rate-sensitive utility-with-growth profile of NextEra in particular. The annual-increase cadence held across the entire window, with the new per-share quarterly amount announced each winter and taking effect on the March payment, even through the COVID-19 demand shock and through the 2022-23 rate-hike pressure that drove NEE's share price down materially even as the dividend continued to grow at a high-single-digit-to-low-double-digit pace.
Three structural forces operate over the holding window. First, the per-share dividend grew each year at a high-single-digit to low-double-digit pace, materially faster than the typical regulated-utility Aristocrat, supported by the NEER renewable-generation contribution to consolidated earnings. Second, the share count grew as DRIP reinvested every quarterly distribution; given NextEra's modest entry yield (typically in the two-to-three-percent range across the window), DRIP contributed a structurally smaller share of total share-count growth than at higher-yield utility peers — but the long compounding window combined with the per-share growth produced a meaningful yield-on-cost improvement across the holding period. Third, the share price moved with both the broader utility-and-renewable buildout narrative (upward through the late 2010s) and the post-2022 rate-hike cycle (sharply downward in 2022-23 before partial recovery), with the rate-sensitive renewable-buildout business model being a structural driver of higher beta than pure regulated utilities.
The illustrative outcome is not a precise dollar figure. The structural point is that NextEra's combination of a thirty-plus-year Aristocrat record with high-single-digit-to-low-double-digit dividend growth produces the yield-on-cost expansion that distinguishes the utility-as-growth-stock proposition from the utility-as-bond-proxy proposition. Across a long holding window, the yield-on-cost on the original purchase grows materially faster than at a slow-growth utility peer, even though the starting yield is lower. This is offered as a structural illustration of how a high-growth utility position compounds on DRIP, not as a forecast of future returns. The central uncertainty is whether the renewable-buildout-driven dividend growth rate sustains at a high-single-digit pace through future rate-cycle and policy-cycle pressure.
Scenario 2: $50,000 today plus $500/month for 20 years
Consider a hypothetical accumulation strategy in NextEra Energy: $50,000 starting capital, plus $500 per month added on a regular cadence for 20 years. The calculator on this page can model this exactly — set Initial investment to $50,000, Extra contribution to $500, Contribution frequency to Monthly, time horizon to 20 years, and leave DRIP on. Use a moderate dividend growth assumption — mid-to-high single digits — consistent with NextEra's long-run trailing pace and acknowledging that a 20-year window may include periods where renewable-policy and rate-cycle pressure produces a lower growth rate than the recent ten-percent trailing figure.
The mechanics: each month, the new $500 buys additional shares at the current price, which adds to the share count and therefore to next quarter's dividend. Each quarter, the dividend received from all accumulated shares is reinvested, adding more shares at the prevailing price. Because NextEra's entry yield is modest — typically around three percent — the DCA contribution component dominates share-count growth in the early years, with DRIP contributing more materially after the position has built up over the first decade. Over 20 years this builds a position whose annual cash distribution grows along two axes simultaneously: the contribution-driven share count expansion and the high-single-digit-or-better per-share growth on the dividend itself.
What's worth focusing on in the calculator is how sensitive the projection is to the dividend growth assumption. With 5% per-share growth, the income line grows at a mid-single-digit pace through share-count expansion and modest per-share growth. With an 8% per-share growth assumption — consistent with NextEra's recent trailing average — the per-share line contributes meaningfully more, and the terminal income figure is materially higher. NextEra is the case where the calculator is most sensitive to the growth assumption, because the historical trailing growth is high enough that small differences in the assumed growth rate compound to large differences in terminal income across a 20-year window. Modeling NextEra with a growth assumption inside the mid-to-high-single-digit range is reasonable, with the more conservative figure capturing the risk that renewable-policy headwinds or capital-cost pressure produces a lower growth rate. Real outcomes depend on NextEra's free-cash-flow generation across the FPL regulated rate-base trajectory and the NEER renewable-buildout pipeline, federal tax-credit policy, the path of long-term interest rates and the cost of capital for renewable development, tax treatment in your specific account, and the broader path of US equity markets. Educational only; not a forecast.
Sources & methodology
Dividend history and price data come from Polygon.io's reference and aggregates endpoints. Forward yield is computed as the sum of the most recent four cash distributions divided by the previous-close share price. The dividend growth rate shown on this page is the compound annual growth rate of total annual distributions across the available history in this snapshot.
Last updated: 2026-05-15.
Information here is for educational purposes only and does not constitute investment advice. Past dividend history does not guarantee future payments. Verify all figures with the issuer or a registered financial advisor before making investment decisions.