Here's Why I Just Bought This High-Yield Renewable-Energy Stock

Dividend stocks are often considered stodgy, low-growth investments -- unless they pay a high yield. In that case, they're often considered too risky for many investors, because the payout may be too good to be true and on track for a cut.

Pattern Energy Group Inc. (NASDAQ: PEGI), which pays a dividend yielding more than 7% at recent prices, certainly qualifies as high yield, yet it's probably far safer than many stocks yielding far less. It also offers the potential for life-changing upside for investors with a long-term mentality. I recently bought shares, and intend to buy more in the near future.

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Source: Fool.com