NextEra Energy Partners LP (NextEra Energy Partners LP) Dividend Payout Ratio : 1.17 (As of Mar. 2024)

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What is NextEra Energy Partners LP Dividend Payout Ratio?

NextEra Energy Partners LP's dividend payout ratio for the months ended in Mar. 2024 was 1.17.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of NextEra Energy Partners LP is 2.30, which seems too high.

The historical rank and industry rank for NextEra Energy Partners LP's Dividend Payout Ratio or its related term are showing as below:

NEP' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.61 Med: 1.86 Max: 9.93
Current: 2.3

During the past 12 years, the highest Dividend Payout Ratio of NextEra Energy Partners LP was 9.93. The lowest was 0.61. And the median was 1.86.

NEP's Dividend Payout Ratio is ranked worse than
92.23% of 193 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.39 vs NEP: 2.30

As of today (2024-04-26), the Dividend Yield % of NextEra Energy Partners LP is 11.78%.

During the past 12 years, the highest Trailing Annual Dividend Yield of NextEra Energy Partners LP was 14.81%. The lowest was 0.43%. And the median was 3.61%.

NextEra Energy Partners LP's Dividends per Share for the months ended in Mar. 2024 was $0.88.

During the past 12 months, NextEra Energy Partners LP's average Dividends Per Share Growth Rate was 11.20% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 14.30% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 14.70% per year.

During the past 12 years, the highest 3-Year average Dividends Per Share Growth Rate of NextEra Energy Partners LP was 99.40% per year. The lowest was 14.30% per year. And the median was 14.90% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

NextEra Energy Partners LP Dividend Payout Ratio Historical Data

The historical data trend for NextEra Energy Partners LP's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

NextEra Energy Partners LP Dividend Payout Ratio Chart

NextEra Energy Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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1.86

0.61

9.93

NextEra Energy Partners LP Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Dividend Payout Ratio	Get a 7-Day Free Trial															-	1.59	1.50	0.72	1.17

Competitive Comparison of NextEra Energy Partners LP's Dividend Payout Ratio

For the Utilities - Renewable subindustry, NextEra Energy Partners LP's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

NextEra Energy Partners LP's Dividend Payout Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, NextEra Energy Partners LP's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where NextEra Energy Partners LP's Dividend Payout Ratio falls into.

NextEra Energy Partners LP Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

NextEra Energy Partners LP's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	3.377	/	0.34
	=	9.93

NextEra Energy Partners LP's Dividend Payout Ratio for the quarter that ended in Mar. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2024 )	/	EPS without NRI (Q: Mar. 2024 )
	=	0.88	/	0.75
	=	1.17

NextEra Energy Partners LP (NYSE:NEP) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

NextEra Energy Partners LP Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of NextEra Energy Partners LP's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

NextEra Energy Partners LP (NextEra Energy Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » NextEra Energy Partners LP (NYSE:NEP) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

700 Universe Boulevard, Juno Beach, FL, USA, 33408

Website

http://www.nexteraenergypartners.com

NextEra Energy Partners LP is formed to acquire, manage and own contracted clean energy projects. It owns interests in wind and solar projects in North America, as well as natural gas infrastructure assets in Texas. The renewable energy projects are fully contracted, use industry technology and are in regions that are favorable for generating energy from the wind and sun. Its natural gas pipelines in the portfolio are all strategically located, serving power producers and municipalities in South Texas, processing plants and producers in the Eagle Ford Shale, and commercial and industrial customers in the Houston area. Renewable energy sales generate maximum revenue for the company.

Executives

Peter H Kind	director	ONE LEADERSHIP SQUARE, 211 NORTH ROBINSON AVENUE, OKLAHOMA CITY OK 73102
Michael Dunne	officer: Treasurer	700 UNIVERSE BLVD, JUNO BEACH FL 33408
Crews Terrell Kirk Ii	officer: Chief Financial Officer	700 UNIVERSE BLVD, JUNO BEACH FL 33408
James Michael May	officer: Controller/CAO	700 UNIVERSE BLVD, JUNO BEACH FL 33408
John W Ketchum	director, officer: President	700 UNIVERSE BLVD, JUNO BEACH FL 33408
Charles E Sieving	officer: General Counsel	C/O NEXTERA ENERGY, INC., 700 UNIVERSE BLVD, JUNO BEACH FL 33408
Rebecca J Kujawa	director, officer: Chief Financial Officer	700 UNIVERSE BLVD, JUNO BEACH FL 33408
James L Robo	director, officer: Chairman & CEO	3300 PGA BOULEVARD, SUITE 350, PALM BEACH GARDENS FL 33410
Robert J Byrne	director	C/O MASONITE INTERNATIONAL CORPORATION, 201 NORTH FRANKLIN ST., SUITE 300, TAMPA FL 33602
Paul I Cutler	officer: Treasurer & Asst. Sec	C/O NEXTERA ENERGY, INC., 700 UNIVERSE BLVD, JUNO BEACH FL 33408
Mark E Hickson	director, officer: EVP, Strategy & Corp Dev	700 UNIVERSE BLVD, JUNO BEACH FL 33408
Susan D Austin	director	700 UNIVERSE BLVD, JUNO BEACH FL 33408
Armando Jr Pimentel	director, officer: President of GP	C/O NEXTERA ENERGY, INC., 700 UNIVERSE BLVD., JUNO BEACH FL 33408
James N. Suciu	director	700 UNIVERSE BLVD, JUNO BEACH FL 33408
Nextera Energy Partners, Lp	director	700 UNIVERSE BOULEVARD, JUNO BEACH FL 33408