3 Reasons This 3.7%-Yielding Dividend Is Heading Much Higher in 2020
NextEra Energy Partners (NYSE: NEP) has grown its dividend at a brisk pace since coming public about five years ago, including by another 15% last year. The main power source during that time has been the acquisition of clean energy assets from its parent, NextEra Energy (NYSE: NEE).
Last year, however, was a bit different, as the company tapped not only that source but also two others: organic growth and external acquisitions. It was the first time in its history that it used all three sources to grow. And that means it has more than enough power to keep increasing its 3.7%-yielding dividend at a fast pace again this year.
Image source: Getty Images.
Source Fool.com
