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Forget NextEra Energy, Buy This Magnificent Dividend King Instead

OK, NextEra Energy is a great dividend stock, but it falls short of this tiny peer in two important ways.NextEra Energy's (NEE 0.45%) dividend yield is near its highest levels of the past decade, which suggests that it is on sale today. But that yield, at roughly 3.3% or so, is still only about average for a utility stock.If you are trying to maximize current income, this utility alternative is a Dividend King, and it has a much higher yield.There's a lot to like about NextEra EnergyBut first, NextEra Energ ...