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This 10%-Plus Yielding Dividend Stock Continues to Push its Payout Higher

TheMotleyFool

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NextEra Energy Partners (NYSE: NEP) currently offers a monster dividend yield (nearly 12%). Usually, a yield that high suggests a company is at a high risk of reducing its payout. While that's certainly still a possibility, the clean energy infrastructure company continues to push its big-time payout even higher.

Here's a look at what's powering the company's ability to increase its dividend and whether that can continue.

NextEra Energy Partners recently closed the books on a challenging year. The renewable energy company lost more than half its value in 2023, weighed down by balance sheet and growth concerns stemming from surging interest rates.

Source Fool.com

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