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This High-Yield Dividend Stock Is Down 30%: Time to Buy the Dip?

TheMotleyFool

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This High-Yield Dividend Stock Is Down 30%: Time to Buy the Dip?: https://g.foolcdn.com/editorial/images/747910/dividend-income.jpg

Yield hunters are eyeing NextEra Energy Partners (NYSE: NEP), with its stock price down 30%, pushing its yield above 6%. In this video, Motley Fool contributors Jason Hall and Tyler Crowe explain why that high yield may be attractive to potential investors, but problematic for the reason NextEra Energy Partners even exists: as a financing tool for NextEra Energy.

*Stock prices used were from the morning of Sept. 13, 2023. The video was published on Sept. 17, 2023.

Source Fool.com

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