NextEra Energy Partners Raises Quarterly Distribution - Quick Facts

(RTTNews) - While reporting its first-quarter financial results today, NextEra Energy Partners LP (NEP) said that the board of directors of the general partner of NextEra Energy Partners declared a quarterly distribution of $0.31875 per common unit. This corresponds to an annualized rate of $1.275 per common unit, to the unitholders of NextEra Energy Partners.

The distribution increased approximately 55 percent on an annualized basis from the first quarter of 2015. The distribution will be payable on May 13, 2016, to unitholders of record as of May 6, 2016.

From a base of its fourth-quarter 2015 distribution per common unit at an annualized rate of $1.23, NextEra Energy Partners continues to expect 12 to 15 percent per year growth in limited partner distributions through 2020.

The partnership expects the annualized rate of the fourth-quarter 2016 distribution, which is payable in February 2017, to be in the range of $1.38 to $1.41 per common unit.