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Stock impact report

This Magnificent Dividend Stock Continues to Add More Power to Its Growth Engine [Yahoo! Finance]

Phillips 66 (PSX) 
Last phillips 66 earnings: 5/1 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
It has grown its dividend at a 10% compound annual rate over the past 20 years, which has helped power magnificent total returns of over 15% annually, compared with about 10% for the S&P 500 The utility is in a strong position to continue growing briskly in the future . One factor powering that view is that NextEra Energy is working directly with a growing list of companies to help them meet their power needs. A big driver of NextEra's growth over the years has been its rapidly expanding energy resources segment. That business unit owns a growing portfolio of power-generating assets that supply electricity to other utilities and large-corporate customers under long-term, fixed-rate power purchase agreements. The company often develops renewable energy projects tailored to meet its customers' needs. For example, it recently partnered with refining giant Phillips 66 (NYSE: PSX) to build a solar energy facility at its Rodeo Renewable Energy Complex. The NextEra Energy subsidiary wi Show less Read more
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