This High-Yield Renewable Energy Stock Once Again Shows Why It's a Great Buy for the Long Term
TerraForm Power (NASDAQ: TERP) is working on implementing a multipronged strategy to grow its cash flow. That plan would allow the renewable energy producer to increase its 4.9%-yielding dividend at a 5% to 8% annual pace through at least 2022. That growing income stream is what makes it such a great stock for dividend-seekers to buy and hold over the long haul.
The company continued making progress on all aspects of its strategy during the second quarter, which improves the probability that it can deliver on its dividend growth goal.
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Source Fool.com
