Forget NextEra Energy. Buy This Magnificent Dividend King Instead

Group 1: Company Overview - NextEra Energy is recognized as one of the best-run utilities, combining a regulated utility (Florida Power & Light) with a renewable-power business for growth [2] - The company has a significant market capitalization of $150 billion, reflecting its popularity on Wall Street [6] - NextEra Energy offers a dividend yield of 2.8%, which is below the average utility yield of 3% [6] Group 2: Dividend and Growth Analysis - NextEra Energy has achieved a remarkable 10-year annualized dividend-increase rate of approximately 10%, which is exceptional for the utility sector [7] - For investors focused on dividend growth, NextEra Energy is a strong candidate, but those seeking higher immediate income may find better options elsewhere [7][10] Group 3: Comparison with Black Hills - Black Hills is highlighted as a Dividend King with a dividend yield of nearly 5%, significantly higher than NextEra Energy's yield [3][10] - Despite its smaller market cap of $3.6 billion, Black Hills has a growing customer base, expanding nearly three times faster than the U.S. population growth [4] - Black Hills faces challenges with a heavy debt load and rising interest rates, which have pressured its earnings and capital investment plans [9]