Earn a 4.2% Yield from This Clean Energy Stock

Today’s chart highlights one of my favorite places to scoop up yields of four, five, and even seven percent: clean energy stocks. I’m not talking about sexy startups like Tesla Inc (NASDAQ:TSLA). Rather, we’re diving into wind farms and solar plants. These projects crank out steady cash flows and have quietly made owners a fortune...

Take Nextera Energy Partners LP (NYSE:NEP). This partnership owns wind and solar projects across North America, as well as some natural gas pipelines in Texas. And while the name won’t make you an overnight millionaire, I love this clean energy stock for a couple of reasons. First, you have to love the bond-like income. You make money when the sun shines and you make money when the wind blows. Mother Nature doesn’t care about wars, financial crises, or stock market crashes. Management has almost doubled the payout over the last few years. Today, NextEra pays a quarterly distribution of $0.38 per unit, which comes to an annual yield of 4.2%.

Source: Income Investors

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