Forget NextEra Energy Partners: Buy This Top-Notch Ultra-High-Yield Stock Instead

NextEra Energy Partners (NYSE: NEP) currently offers a monster dividend yield. The renewable energy company's payout yields more than 14%, which is about 10 times higher than the S 500's dividend yield. Further, the company plans to continue growing its payout in the future.

However, as attractive as this renewable energy dividend stock might seem, those seeking a sustainable income stream should forget about it right now. Instead, income-focused investors should buy Brookfield Renewable (NYSE: BEPC)(NYSE: BEP). While it offers a lower yield (over 5%), it's on a much more sustainable foundation.

NextEra Energy Partners currently has a terrific record of paying dividends. The renewable power producer has increased its payout every single quarter since it came public over a decade ago.

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Source Fool.com