Why I Recently Bought More of This Beaten-Down Ultra-High-Yielding Dividend Stock

Last year was brutal for NextEra Energy Partners (NEP 3.20%). The clean energy infrastructure company lost more than half its value as surging interest rates impacted its ability to fund its business and growth. That shellacking has pushed its dividend yield into the double digits. I recently decided to take advantage of the sell-off by buying a few more shares of the renewable energy producer. While there's a near-term risk that it might need to reduce its big-time dividend, I think it has tremendous total ...