Workflow
In a Surprising Move, This Beaten-Down Energy Stock Is Suspending What Once Was a Monster Dividend
NEPNextEra Energy Partners(NEP) The Motley Fool·2025-01-30 16:45

XPLR Infrastructure (NEP -11.33%), 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 ...