Is NextEra Energy Partners Stock a Buy?
There's no question that the world is pushing hard to increase the amount of clean energy produced. It is likely to be a multi-decade trend. But no trend on Wall Street goes in a straight line. This is why investors looking at NextEra Energy Partners (NYSE: NEP) and its huge 11.1% distribution yield might want to pause before jumping aboard.
There's a lot to digest here.
NextEra Energy Partners describes itself as a "growth-oriented" limited partnership (LP). In this case, the word growth has been more of a reference to distribution growth. Over the past five years, the LP's distribution increased a huge 90% or so. That's way better than Pepsico and , which increased their dividends by 37% and 75%, respectively. The beverage giant and industrial fastener maker are both well known for their impressive dividend growth rates.
Source Fool.com
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