NEE-PN Preferred Stock — NextEra Energy, Inc. Series N Equity Units

NextEra Energy, Inc. Series N Equity Units (NEE-PN)

NEE-PN is a Preferred Stock. its trailing-12-month yield is 7.11%. Dividend Vision Distribution Safety Score™ is 83/100 (Safe). Total return is 21.9% over the past 7.5 years, 179.1 points behind SPY at 201.0%.

NextEra Energy's Series N Equity Units combine a stock purchase contract with a debenture interest to provide regular quarterly income. The latest payout was $0.3531 ex 2026-08-31, paid 2026-09-01. This security appeals to income-focused investors seeking exposure to a major utility through a preferred equity structure.

NEE-PN performance versus SPY

Price and return data through 2026-09-18.

Total return is 21.9% over the past 7.5 years, 179.1 points behind SPY at 201.0%. Over the past year its total return — price change plus distributions reinvested — is -15.0%. Its deepest 1-year drawdown was 16.4%.

NEE-PN key facts

Distribution Safety Score™

83 · Safe

Safety-Adjusted Yield

5.90%

Issuer

NextEra Energy

Asset type

Preferred Stock

Asset class

Equity

Distribution frequency

Quarterly

Trailing yield

7.11%

Last close

$19.88 (as of 2026-09-21)

Average volume

117233.0

Last dividend

$0.3531

Last ex-dividend date

08/31/2026 (as of 2026-08-31)

Last payment date

09/01/2026 (as of 2026-09-01)

Beta

0.2811

Payout ratio

0.0

Forward P/E

0.0

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (7.11%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: NextEra Energy; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

NEE-PN risks and drawbacks

Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 16.4%.

Who may consider NEE-PN — and who may not

NEE-PN may suit someone looking for a high Distribution Safety Score. It is a weaker fit for investors who need monthly cash flow (NEE-PN pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

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