Great write up on NEP, which has a dividend yield sitting above $13% as of today:
https://finance.yahoo.com/news/nextera-energy-partners-nep-best-202315270.html
Despite the market thinking they were going to cut the dividend entirely (on the basis that they cut the growth rate), they affirmed the growth rate this year (that is to say the dividend yield increased this year itself).
The other driver for the steep drop in their shareprice was the debt refinancing that will take place in 2026.
But with the FED planning 2 additional rate cuts in 2024 and more to come in 2025, their refinancing looks less and less in jeopardy.
The recent price action confirms the upside on this security based on rate cuts.
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