At NextEra Energy, our strategy to be America's clean energy leader, coupled with superior execution, has resulted in strong performance through Dec. 31, 2018.
For the 15 years ending Dec. 31, 2018, NextEra Energy delivered a total shareholder return of approximately 770%, compared with 98% for the S&P 500 Utilities Index and 207% for the S&P 500 Index. Since 2003, NextEra Energy has outperformed every company in the S&P 500 Utilities Index and 83% of the companies in the S&P 500 Index.
NextEra Energy achieved a compound annual growth rate in dividends per share of approximately 9.1% from 2003 through Dec. 31, 2018. NextEra Energy also achieved a compound annual growth rate in adjusted earnings per share of approximately 7.8% for the same time period.
NextEra Energy continues to have one of the strongest balance sheets and highest credit ratings for electric utilities in the U.S. Our strong investment-grade balance sheet remains one of our competitive advantages, and our lending group is large, balanced and well-diversified.