This 5.9%-Yielding Dividend Stock Has Grown Its Payout by 355% (and There's More to Come)
NextEra Energy Partners (NYSE: NEP) has done a phenomenal job growing its dividend over the years. The clean energy infrastructure company has increased its payout by an impressive 355% since its initial public offering in 2014, including 12% over the past year. That rapid growth has pushed its dividend yield up to an attractive 5.9%.
The company sees a lot more growth ahead. That could give it the power to generate strong total returns for investors, making it an attractive stock to buy for growth and income.
NextEra Energy Partners recently reported its second-quarter results and declared its latest dividend payment. The company faced some difficulties during the quarter, as weak wind energy resources hurt earnings and cash flow.
Source Fool.com
