1 High-Yielding Dividend Stock to Put on Your Watchlist This December
Clearway Energy (NYSE: CWEN) (NYSE: CWEN-A) has a spotty track record as a dividend stock. The renewable energy company had consistently increased its payout each quarter from its initial public offering (IPO) in late 2013 through the end of last year, including growing it by 15% in 2018 alone. It expected that growth to continue in the coming years.
However, because of the bankruptcy of utility PG&E (NYSE: PCG) -- which was one of its largest customers -- the company opted to slash its dividend by roughly 40% and proactively increase its financial flexibility. That pushed its yield down to the current level of about 4%, which is still an attractive level for dividend investors. Add that enticing income stream to its upside potential once the dust eventually settles on the PG&E bankruptcy, and Clearway Energy is an intriguing stock for dividend investors to put on their watchlist this month.
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Source Fool.com
