NEE raises dividend payout by 9.10% ..
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JUNO BEACH, Fla., Feb. 17, 2012 /PRNewswire/ -- The board of directors of NextEra Energy, Inc. (NYSE: NEE - News) today declared a regular quarterly common stock dividend of 60 cents per share. The dividend is payable on March 15, 2012, to shareholders of record on March 2, 2012.
The Board also approved the following statement: "Although any decision to pay a dividend must consider all the facts and circumstances at the time the decision is made, the Board recognizes that a strong dividend is important to our shareholders. In thinking about longer term dividend policy, the Board takes into account, among many other factors, the changing mix of NextEra Energy's portfolio of businesses and the ongoing levels of dividend payout generally supportable by each major segment of the portfolio, as well as the payout ratios of competing businesses in each of those major segments.
"Given the currently expected increase in the proportion of NextEra Energy's portfolio represented by rate-regulated businesses and assets under long-term contract, which management has publicly discussed with investors, the Board presently expects to target a payout ratio, expressed relative to adjusted earnings, of approximately 55 percent in 2014, up from the 2002 through 2011 average of 49 percent. Today's decision to increase the dividend to 60 cents per share is consistent with that longer term view."
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