Could Buying NextEra Energy Stock Today Set You Up for Life?

If you are looking to create a lifetime's worth of income by buying dividend stocks, you might overlook NextEra Energy (NYSE: NEE) because its yield is "only" 3%. That's about average for a utility, and there are plenty of higher-yielding choices out there for you to consider, both inside and outside the utility sector. But there's one important factor to consider here that might change your mind. NextEra's dividend has grown, and looks like it will continue to grow, at an exceptionally rapid pace. Here's why this dividend stock could set you up for a lifetime of income.NextEra is really two companies in one. The core of the business is its regulated utility operation. This is, basically, a slow and steady foundation. Like all regulated utilities, NextEra's Florida-based utility operations have been granted a monopoly in the markets it serves. It then has to get capital investment plans and rate increases approved by the government. In most cases, this is not an approach that leads to rapid growth.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool