This High-Yield Energy Stock Sees Unstoppable Dividend Growth Ahead
Clearway Energy (NYSE: CWEN)(NYSE: CWEN.A) offers investors an attractive passive income stream, with the clean-power producer currently yielding 4%, more than double an S&P 500 index fund.
But Clearway's high dividend yield isn't the only draw. The company expects to raise that payout toward the high end of its 5% to 8% annual target range through at least 2026. And it's increasingly likely to achieve that goal, given all the opportunities it has lined up.
Clearway Energy recently updated investors on the progress of its strategic growth plan when it reported its third-quarter results. While its earnings in that period came in a little lighter than expected due to unplanned outages at its El Segundo Energy Center near Los Angeles, that setback won't have a long-term impact.
Source Fool.com
