Menu
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.
Why should I use sharewise

2 More Reasons This 5.1%-Yielding Dividend Growth Stock Is a Great Buy

TerraForm Power (NASDAQ: TERP) wants to make itself an attractive option to dividend investors. That means not only paying a high yield but also growing its payout by a meaningful annual rate. The


TerraForm Power (NASDAQ: TERP) wants to make itself an attractive option to dividend investors. That means not only paying a high yield but also growing its payout by a meaningful annual rate. The renewable-energy company is doing well so far, as it currently yields 5.1%. Meanwhile, it has increased its dividend by 6% since it started paying one again last year.

The company believes it has enough power within its existing portfolio to grow its payout by 5% to 8% per year through at least 2022. However, that hasn't stopped it from seeking out additional growth opportunities, including recently making another needle-moving acquisition. While it doesn't need to make any more deals to support its dividend growth plan, it sees two opportunities up ahead, which could drive accelerated growth in the coming years.

Image source: Getty Images.

Continue reading


Source Fool.com

Like: 0
Share

Comments

You may not comment on this article as you either did not confirm your account yet or were blocked. If you think this is a mistake please contact us. Show more