This Utility Has Raised Its Dividend for 31 Straight Years. Here's the 1 Number I'd Check Before Buying.

NextEra Energy has increased its dividend for 31 consecutive years and plans ~10% annual growth through 2026, followed by ~6% increases in 2027-2028. The key metric to evaluate is the dividend payout ratio, which stands at 62-64% against 2026 earnings guidance—a manageable level for a regulated utility. With strong earnings growth targets of at least 8% annually through 2035 and rising electricity demand, NextEra's dividend appears sustainable for another decade.