Brookfield Renewable Partners L.P.·Utilities

The Southern Company is a well-established, proven player in the utilities business. Brookfield Renewable is being built from the ground up to provide industry-leading dividend growth.

These are three of my highest conviction dividend stock investments.

Brookfield has plenty of power to continue growing.

Brookfield Renewable expects to grow its earnings by more than 10% per year through 2031. Enbridge anticipates growing its cash flow per share by around 5% annually after this year.

Brookfield Renewable FFO rose 19% year-over-year to $375 million, with per-unit FFO growth over the same time period at 15%. The merger of BEP and BEPC is under review to boost liquidity and index eligibility, with an update expected later this year. Rising inflation should provide a boost to BEP's earnings, as 70% of its revenues are indexed to inflation, but investors might demand a higher yield for holding its securities.

Brookfield Renewable provides broad exposure to green energy and offers a large and growing dividend. NextEra Energy's solar and wind business is among the largest in the world.
Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities primarily in North America, Colombia, Brazil, Europe, India, and China. The company generates electricity through hydroelectric, wind, solar, distributed generation, pumped storage, cogeneration, and biomass sources. Its portfolio consists of approximately 21,000 megawatts of installed capacity. Brookfield Renewable Partners Limited operates as the general partner of Brookfield Renewable Partners L.P. The company was formerly known as Brookfield Renewable Energy Partners L.P. and changed its name to Brookfield Renewable Partners L.P. in May 2016. Brookfield Renewable Partners L.P. was founded in 1999 and is headquartered in Hamilton, Bermuda.
Utilities
Renewable Utilities
5,270
2005-11-15
0.96