2 Reasons NextEra Energy Partners Is a Better Dividend Stock Than ExxonMobil

2 Reasons NextEra Energy Partners Is a Better Dividend Stock Than ExxonMobil

Not all energy stocks are created equal, especially now that renewable energy and electric vehicles are becoming a meaningful part of our energy mix. Renewable energy generation is rising and it may be a matter of a few years before the world hits peak oil consumption if EVs keep improving at the rate they have. 

With that backdrop, I think the renewable energy yieldco NextEra Energy Partners (NYSE: NEP) and its dividend yield of 3.8% is a much better dividend stock than ExxonMobil Corporation (NYSE: XOM) with the same yield. 

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Source: Fool.com