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PEGI - This High-Yield Dividend Stock Powers Up Its Growth Plan
Pattern Energy Group Inc.
Pattern Energy(NASDAQ: PEGI) has been working hard in recent years to improve the long-term sustainability of its 6.6%-yielding dividend. The renewable energy company's current focus is on executing a two-year strategy to grow its cash flow, which will improve its dividend payout ratio.
It recently took a significant step toward achieving its target by making a needle-moving acquisition. That deal makes it look increasingly likely that Pattern Energy will deliver on its growth objective. As a result, the stock is becoming a much more attractive option for income-seeking investors.