In a Surprising Move, This Beaten-Down Energy Stock Is Suspending What Once Was a Monster Dividend [Yahoo! Finance]
NextEra Energy Partners, LP Common Units representing limited partner interests (NEP)
NASDAQ:AMEX Investor Relations:
nexteraenergypartners.com
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Source: Yahoo! Finance
Thu, January 30, 2025 at 9:45 AM GMT+1 5 min read In This Article NEE-PT XPLR Infrastructure (NYSE: NEP) , formerly NextEra Energy Partners, had been an impressive dividend stock. The clean energy infrastructure operator had grown its payout rapidly since its formation over a decade ago. It recently offered a dividend yield in the double digits, mainly because of the more than 85% plunge in its stock price from the peak. However , because of financial constraints , the energy company is suspending its dividend in a surprising move. While a payout cut seemed almost inevitable, an outright suspension of its dividend caught investors off guard. Here's a look at what's causing this move and what the future holds for XPLR Infrastructure. A broken business model XPLR Infrastructure had historically relied on outside capital to fund its expansion strategy. It initially sold stock, which it used to buy income-generating renewable energy assets and gas pipelines from its parent
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