NextEra Energy Partners (NEP), a subsidiary of utility NextEra Energy (NEE), will buy wind farms in California and New Hampshire from Brookfield Renewable Partners. The wind turbines have a combined capacity of 400 megawatts and have long-term contracts for their electricity. I added shares of NextEra Energy to my Dividend Portfolio on November 25, 2020. The stock is up 6.38% since then through the close on April 19.
Special Report: Dividend stocks that are beating the risky rockets–Part 1 Five utility picks; Part 2 and the first 2 of 5 vaccine recovery picks
I started off with utility stocks and I’ve now moved on to other dividend stocks within the general argument that dividend stocks–if you pick the right one–are perfect for the post-vaccine economy and stock market rally.