Which Utility Paid the Highest Dividends?
Which utility paid the highest dividends?
$25 billion PPL (PPL) paid dividends of $1.52 per share in 2016. In comparison, peer-regulated utility Xcel Energy (XEL) paid $1.36 per share in dividends. Duke Energy (DUK) paid dividends of $3.36 per share, while Southern Company (SO) paid annual dividends of $2.22 per share last year.
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All these utilities (XLU) expect their dividends to grow 4% in the next few years. Importantly, utilities such as NextEra Energy (NEE) and Dominion Resources (D) expect to increase their dividends by 10% in the next couple of years, more than double the industry average.
To learn more about NextEra Energy’s dividends, read Why NextEra Energy Could Be a Sensible Dividend Option.