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This High-Yielding Renewable Energy Stock Now Has Enough Power to Grow Its Dividend Until 2022

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This High-Yielding Renewable Energy Stock Now Has Enough Power to Grow Its Dividend Until 2022

While the COVID-19 outbreak is having a devastating effect on the U.S. economy, it's not having any impact on NextEra Energy Partners (NYSE: NEP). That was clear in the clean energy company's first-quarter results as well as its outlook for what's ahead. The company is so confident in its future that it now believes it can grow its 4.7%-yielding dividend by a 12% to 15% annual rate until 2022 without needing to make any more acquisitions.

Metric

Q1 2020

Source Fool.com

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