3 Attractive Dividend Stocks Whose Dividends Could Double
Regular and growing dividends often indicate the financial strength and underlying growth of a company's business. They also indicate its management's expectations of continued future growth. Investing in such dividend-paying companies can not only generate a regular dividend income but also provide attractive capital appreciation potential. Here are three such rock-solid dividend stocks to consider buying right now.
In five years, NextEra Energy Partners (NYSE: NEP) has doubled its per-unit distribution. Its distribution has grown to $0.66 per unit in the second quarter of this year, from $0.33 per unit in Q2 2016. NextEra Energy Partners owns one of the largest portfolios of renewable assets, diversified by both type and geography. The company's portfolio has a remaining contract life of around 14 years with diversified counterparties. Long-term contracted cash flows help provide NextEra Energy Partners access to low-cost equity and debt financing.
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