NextEra Energy Equity Units About To Put More Money In Your Pocket

On 11/26/13, NextEra Energy Inc's Equity Units ( NEE.PRO) will trade ex-dividend, for its quarterly dividend of $0.7361, payable on 12/2/13. As a percentage of NEE.PRO's recent share price of $57.37, this dividend works out to approximately 1.28%, so look for shares of NEE.PRO to trade 1.28% lower — all else being equal — when NEE.PRO shares open for trading on 11/26/13. On an annualized basis, the current yield is approximately 5.12%, which compares to an average yield of 5.29% in the "Utilities" preferred stock category, according to Preferred Stock Channel.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

As of last close, NEE.PRO was trading at a 14.92% premium to its liquidation preference amount. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend. The chart below shows the one year performance of NEE.PRO shares, versus NEE:

Performance Comparison Chart

Below is a dividend history chart for NEE.PRO, showing historical dividends prior to the most recent $0.7361 on NextEra Energy Inc's Equity Units:


According to the ETF Finder at ETF Channel, NextEra Energy Inc ( NEE) makes up 8.42% of the iShares Global Nuclear Energy ETF (NUCL) which is trading lower by about 0.9% on the day Friday.

In Friday trading, NextEra Energy Inc's Equity Units ( NEE.PRO) is currently off about 0.2% on the day, while the common shares ( NEE) are up about 0.2%.


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