Catalyst Watch: This Beaten-Down, High-Yield Dividend Stock Is Working on a Long-Term Solution to Its Biggest Issue
KMIKinder Morgan(KMI) The Motley Fool·2024-04-27 21:36

NextEra Energy Partners is working to address the looming buyouts of its remaining convertible equity portfolio financing. NextEra Energy Partners (NEP -0.89%) delivered supercharged dividend growth for the first several years of its existence. Its dividend has surged nearly 370% since it became public in 2014, growing by a double-digit annual rate until last year. Powering the surging payout was a steady diet of acquisitions largely funded by convertible equity portfolio financing (CEPFs) arranged by sever ...