Recent buy: NextEra Energy

I'm excited to share a recent addition to my dividend portfolio: 25 shares of NextEra Energy (ticker: NEE). This purchase aligns with my long-term strategy of investing in companies that offer consistent dividend growth and are positioned for sustainable future performance.​

Why NextEra Energy?

NextEra Energy is one of the largest electric utility companies in the U.S., primarily serving Florida through its subsidiary, Florida Power & Light. Beyond traditional utilities, NextEra is a global leader in renewable energy, boasting one of the world's largest portfolios of wind and solar power assets. This dual focus on reliable utility services and clean energy innovation makes it a compelling choice for dividend growth investors.​

Dividend Growth and Yield

As of early 2025, NextEra offers an annual dividend of $2.26 per share, translating to a yield of approximately 3.48%. More impressively, the company has increased its dividend for 31 consecutive years, with an average annual growth rate of over 10% in recent years. Management has expressed confidence in continuing this trend, targeting roughly 10% annual dividend growth through at least 2026.

Financial Performance

In 2024, NextEra reported adjusted earnings per share (EPS) of $3.43, marking an 8.2% increase from the previous year. The company also expanded its renewable energy capacity by commissioning 8.7 gigawatts of new projects, with a backlog exceeding 12 GW. These developments underscore NextEra's commitment to growth and its strong position in the evolving energy landscape.​

Investment Rationale

By acquiring 25 shares at approximately $66 each, I've invested around $1.650 in NextEra Energy. This addition is expected to yield about $56 in annual dividends, with the potential for this income to grow over time given the company's dividend growth trajectory. NextEra's blend of stable utility operations and leadership in renewable energy aligns well with my investment goals, offering both income and growth potential.​

I'll continue to monitor NextEra's performance and share updates on how this investment contributes to my overall dividend income. As always, I welcome your thoughts and discussions on dividend investing strategies.

Monthly update: March 2025 - Navigating Market Volatility

As we wrap up another month in 2025, it’s time to reflect on how the markets performed, how my portfolio fared, and most importantly, how my dividend income has progressed compared to last year. Let’s dive in!

Global Market Performance in March 2025

March was a tough month for global markets, with most major indices experiencing a decline:

• AEXGR fell -3.4%, reflecting weakness in Dutch stocks.
• SX5E (Euro Stoxx 50) dropped -5.3%, showing broader European market struggles.
• IWDA had the steepest decline, -8.2%, indicating global equity weakness.
• DJITR dipped -2.7%, showing a slowdown in U.S. transport stocks.
• S&P 500 declined -4.1%, adding to the ongoing market correction in the U.S.

Overall, March was a challenging month for equities, with widespread declines across global markets.

Top Gainers and Losers in My Portfolio

Despite the tough month, a few of my holdings managed to perform well:

• ExxonMobil (XOM): +10% – The energy sector showed resilience, with XOM benefiting from strong oil prices and stable earnings.
• Brookfield Renewable (BEPC): +5% – Renewable energy stocks held their ground, and BEPC showed a solid recovery.
• Hannon Armstrong (HASI): +5% – Another renewable energy stock that managed to perform well despite broader market weakness.

However not all holdings fared well in March:

• Cummins (CMI): -12% - The diesel and natural gas engine manufacturer faced pressure due to supply chain issues and concerns over slowing demand. Industrial stocks were hit particularly hard in the market downturn.
• T. Rowe Price (TROW): -11% - Asset management companies like T. Rowe Price suffered due to market volatility and declining assets under management (AUM). Lower investor confidence in equities led to increased fund outflows.
• Walmart (WMT): -10% - Retail stocks struggled as consumer spending slowed.

Dividend Income Growth: March 2025 vs. March 2024

My dividend income continued its upward trend, showing strong year-over-year growth:

Total dividend income (March 2024): €395

Total dividend income (March 2025): €460

YoY growth: +16.5%

Despite market volatility, my passive income stream continues to grow, reinforcing the power of dividend investing.

Closing Thoughts: A Buffett Quote

As Warren Buffett wisely said:
"If you don’t find a way to make money while you sleep, you will work until you die."

This month’s performance is a perfect reminder of why I continue to invest in high-quality dividend stocks. Market fluctuations are temporary, but a well-built dividend portfolio keeps generating income, regardless of short-term volatility. Onward to April!