This Solar Stock Yields 7.3% and Raises Its Payout Every Quarter

Yep, it’s a solar stock. Now, I know what you’re wondering: “The solar industry is not exactly known for its ability to provide an income stream. What on Earth is Income Investors doing talking about a solar stock?”

When you see the name 8Point3 Energy Partners LP (NASDAQ:CAFD), you might not know exactly what it does. Here’s a little hint: it takes approximately 8.3 minutes for light from the sun to reach Earth. Well, while it’s true that many solar stocks don’t pay dividends at all, 8Point3 Energy Partners is not one of them. Returning cash to shareholders through regular distributions has been a focus of the partnership since its founding in 2015.

Source: Income Investors

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