NextEra has strong fundamentals

The company has a healthy financial position and strong dividend coverage, which will allow it to continue increasing dividends at a double digit rate over the next few years.Impressively, NextEra expects to continue increasing the dividend by 12% to 14% per year, through at least 2020. This can really add up for shareholders. For example, if NextEra raises its dividend by 12% per year over the next two years, investors buying the stock today will have a yield on cost of roughly 3.6%, and even higher if dividends are reinvested.NextEra has strong fundamentals, and the company is growing earnings at a high rate.

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