Supercharge Your Income by Investing in This High-Powered Dividend Stock
Investing in dividend-paying stocks can be a great way to build a supplemental income stream. Many dividend stocks pay attractive dividends that steadily increase.
NextEra Energy Partners (NYSE: NEP) stands out for its ability to pay dividends. The renewable energy dividend stock offers a high-yielding payout and high-powered growth prospects.
NextEra Energy Partners currently offers a gigantic 7% dividend yield. That's multiple times higher than the average dividend stock. For example, the dividend yield on the S&P 500 is currently around 1.6%. To put that payout into perspective, every $1,000 invested into NextEra Energy Partners would produce about $70 of annual dividend income compared to roughly $16 in an S&P 500 index fund.
Source Fool.com
