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.
Source Fool.com
Brookfield Corp. Stock
We see a rather positive sentiment for Brookfield Corp. with 16 Buy predictions and 1 Sell predictions.
However, we have a potential of -6.32% for Brookfield Corp. as the target price of 43 € is below the current price of 45.9 €.
