10 Cheapest Dividend Aristocrats to Buy Now

7. NextEra Energy, Inc. (NYSE:NEE)

Forward P/E Ratio: 18.8

NextEra Energy, Inc. (NYSE:NEE) is an American clean energy company that generates, transmits, and sells electricity. In the past year, the stock has surged by over 22%. The company is built on a solid foundation and owns one of the largest portfolios of solar and wind energy assets worldwide. This segment has benefited from the global transition away from fossil fuels and toward cleaner, renewable energy sources. As the shift to renewable power continues, the company is well-positioned for sustained growth in the future.

In the fourth quarter of 2024, NextEra Energy, Inc. (NYSE:NEE)’s adjusted earnings per share (EPS) rose by about 2% compared to the previous year, while its full-year EPS grew by 8.2%. Looking ahead, the company is targeting an adjusted EPS growth of 6% to 8% by 2027, meaning it will achieve the upper end of its target in 2024.

NextEra Energy, Inc. (NYSE:NEE) is a reliable dividend payer due to its solid cash flow. In FY24, the company generated more than $13.2 billion in operating cash flow. Looking ahead, it expects to raise its dividends per share by around 10% annually through at least 2026, starting from its 2024 level. Recently, the company declared a 10% hike in its quarterly dividend to $0.5665 per share. This marked the company’s 29th consecutive year of dividend growth, which makes NEE one of the best dividend aristocrat stocks. The stock supports a dividend yield of 3.01%, as of February 14.