Many investors have jumped on the renewable energy bandwagon. With mandatory renewable energy targets being adopted around the world, the industry is expected to enjoy strong growth for the next few decades. The thing is, though, not all renewable energy companies are safe bets. Is there a way for conservative income investors to capitalize on this booming industry? The answer is yes...
Today’s top dividend stock is NRG Yield, Inc. (NYSE:NYLD), a yieldco created by NRG Energy Inc (NYSE:NRG) to own, operate, and acquire power generation and thermal infrastructure assets. Right now, NRG Yield owns and operates 2,934 net megawatts of renewable energy assets, 1,945 net megawatts of conventional generation assets, and thermal infrastructure assets with a 1,442 megawatt capacity. These assets are diversified across 60 states. Note that renewable energy assets—solar and wind farms—are responsible for generating more than two-thirds of the company’s cash available for distribution (CAFD).
Source: Income Investors
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