This High-Yielding Renewable Energy Stock Just Gave Investors a Monster Raise
Clearway Energy (NYSE: CWEN)(NYSE: CWEN.A) promised to normalize its dividend once one of its largest customers -- California utility Pacific Gas & Electric (NYSE: PCG) -- reemerged from bankruptcy. With PG&E exiting that process last month, Clearway made good on its word by boosting its payout an eye-popping 49%. That pushed its dividend yield up from 3.3% to 4.8%.
The renewable energy company also made it clear that it has plenty of power to continue growing its payout, thanks to all the growth it sees up ahead.
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Source Fool.com
