Brookfield Renewable Corporation·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.

Chevron, Williams, and Brookfield Renewable are all reliable long-term energy plays.

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 Corporation owns and operates a portfolio of renewable energy power generating facilities primarily in the United States, Europe, Colombia, and Brazil. It operates hydroelectric, wind, and solar power plants with an installed capacity of approximately 12,723 megawatts. The company was incorporated in 2019 and is headquartered in New York, New York.
Utilities
Renewable Utilities
2,416
2020-07-24
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