NextEra Energy (NEE) has announced a 10% increase in its quarterly dividend to $0.6232 per share, resulting in a 2.63% forward yield. Despite strong revenue growth and a focus on renewable energy, the company faces financial risks highlighted by high debt levels, an Altman Z-Score in the distress zone, and insider selling activity. Valuation metrics also suggest the stock may be overvalued.
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NextEra Energy (NEE) Boosts Quarterly Dividend by 10%
NextEra Energy (NEE) has announced a 10% increase in its quarterly dividend to $0.6232 per share, resulting in a 2.63% forward yield. Despite strong revenue growth and a focus on renewable energy, the company faces financial risks highlighted by high debt levels, an Altman Z-Score in the distress zone, and insider selling activity. Valuation metrics also suggest the stock may be overvalued.