M2 EQUITYBITES-February 19, 2018-NextEra Energy's board approves quarterly dividend and extends targeted growth rate in dividends per share
This increase is consistent with the policy of targeting 12% to 14% annual growth in dividends per share through at least 2018, off a 2015 base.
The board of directors of NextEra Energy approved a two-year extension of the existing dividend policy, which is expected to translate to a growth rate in dividends per share
of 12%-14% per year through at least 2020, off a 2017 base of $3.
Retaining earnings helps to build book value per share, which should help support long-term growth in earnings and dividends per share
The Company computes the CAD Payout Ratio by dividing common dividends per share
and unit paid over the last twelve months by trailing twelve-month CAD per share for the same period.
Dividends per share
of 81 cents for the first three quarters of 2006 also represents a 4% increase over the 78 cents per share paid for the first three quarters of 2005.
The updated capital allocation plan includes a 25% increase in dividends per share
The company estimated paying the following quarterly dividends per share
for the remaining three quarters in 2006: 82 cents for the second quarter, 83 cents for the third quarter and 84 cents for the fourth quarter.
The company's earnings per share have increased for 17 consecutive years and dividends per share
have increased for 24 consecutive years.
The Company has paid increased annual dividends per share
for 15 consecutive years and is one of only 221 publicly traded companies in America that have increased annual dividends paid to shareholders for 15 or more consecutive years.
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