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NextEra Energy: Built for Long-Term Growth?
Forget the allure of companies promising groundbreaking innovations. While some of these may, in fact, provide handsome returns, the savviest investors know that the road to greater personal wealth is largely paved with tried-and-true stocks that can provide a firm foundation for one's portfolio -- stocks like utility powerhouse NextEra Energy (NYSE: NEE).But it's not only the fact that NextEra Energy stock has outperformed the market for the past two decades that makes it an alluring attraction. Between management's steadfast commitment to rewarding shareholders -- its dividend currently offers a forward yield over 3% -- and the company's conservative business model, NextEra Energy will appeal to those looking to fortify their portfolios. Since there are so many things to like about the stock, it's worth asking if the company has the power to prosper over the long term.Image source: Getty Images.Continue reading
Forget the allure of companies promising groundbreaking innovations. While some of these may, in fact, provide handsome returns, the savviest investors know that the road to greater personal wealth is largely paved with tried-and-true stocks that can provide a firm foundation for one's portfolio -- stocks like utility powerhouse NextEra Energy (NYSE: NEE).
But it's not only the fact that NextEra Energy stock has outperformed the market for the past two decades that makes it an alluring attraction. Between management's steadfast commitment to rewarding shareholders -- its dividend currently offers a forward yield over 3% -- and the company's conservative business model, NextEra Energy will appeal to those looking to fortify their portfolios. Since there are so many things to like about the stock, it's worth asking if the company has the power to prosper over the long term.
Image source: Getty Images.
