Better Buy: NextEra Energy Partners vs. Enbridge
Enbridge (NYSE: ENB) and NextEra Energy Partners (NYSE: NEP) have treated income-seeking investors very well over the years. Canadian pipeline giant Enbridge has increased its payout for 25 straight years, including by 10% for 2020. Meanwhile, the renewable energy-focused NextEra Energy Partners has grown its dividend at a fast pace since its formation in 2014, including by 15% last year.
Both companies expect to keep increasing their payouts in the future, making either one an enticing option for income-focused investors. However, since most investors probably only want to own one energy stock in their portfolio, we'll look at which of these two is the better buy for dividend seekers right now.
The most important thing an investor can do when deciding between two dividend stocks is to analyze their financial situations. Here's how these two energy companies stack up against each other:
Source Fool.com
