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This Ultra-High-Yield Dividend Stock Continues to Grow Despite its Challenges

TheMotleyFool

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NextEra Energy Partners (NYSE: NEP) has battled persistent headwinds over the past couple of years. Rising interest rates have made it more challenging for the company to refinance existing funding and finance its growth. Those issues have weighed on the renewable energy stock, driving its dividend yield up over 12%.

Despite those headwinds, the renewable energy company has been able to continue growing. Its earnings, cash flow, and dividend all rose in the first quarter. Meanwhile, it sees more growth ahead.

NextEra Energy Partners delivered modest earnings and cash flow growth during the first quarter:

Source Fool.com

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