This High-Yield Renewable Energy Stock Has Powerful Dividend Growth Ahead
Clearway Energy (NYSE: CWEN)(NYSE: CWEN.A) stands out in today's low-yield environment. The clean-power producer currently boasts a dividend yield of 4.3%, significantly higher than the 1.3% yield on stocks in the S&P 500.
However, as attractive as the payout is right now, it will be even higher in the future. Clearway currently expects to grow its dividend at a 5% to 8% annual rate, with high-end growth anticipated this year. The potential for higher-end dividend growth is increasingly likely to continue in the future, thanks to another needle-moving acquisition.
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Source Fool.com
