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Brookfield Renewable Partners L.P.(BEP)
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1 High-Powered Dividend Stock to Buy Like There's No Tomorrow
The Motley Fool· 2024-09-20 09:35
Core Viewpoint - Brookfield Renewable is positioned to generate substantial total returns in the coming years, supported by a strong dividend growth history and robust operational fundamentals [1][12]. Company Overview - Brookfield Renewable operates one of the largest publicly traded renewable energy platforms globally, with a capacity to produce 34 gigawatts (GW) of power from hydro, wind, solar, and other sustainable energy sources [3]. - The company has a diverse portfolio that includes biofuel production, recycling, carbon capture, and nuclear services, generating stable cash flow backed by long-term contracts [3]. Financial Performance - The company has a strong track record of dividend payments, with a 6% compound annual growth rate over the last 20 years and a consistent increase of at least 5% for 13 consecutive years [1][2]. - Brookfield Renewable expects its funds from operations (FFO) per share to grow by 10% or more annually through at least 2028, enabling it to raise dividends by 5% to 9% annually [2][12]. - The company paid out less than 75% of its stable cash flow in dividends during the first half of the year, providing a solid cushion for continued expansion [4]. Growth Drivers - Inflation-indexed contracts account for 70% of Brookfield's revenue, ensuring stable and rising cash flow, with an expected annual increase of 2% to 3% due to inflation [4]. - Additional growth is anticipated from margin enhancement activities, contributing an extra 2% to 4% to FFO per share each year without capital investment [6]. - Brookfield plans to invest $7 billion to $8 billion over the next five years in high-return development projects and acquisitions, with a pipeline of 200 GW in various stages of development [7]. Strategic Initiatives - The company signed a significant agreement to develop 10.5 GW of projects for Microsoft, marking the largest corporate power purchase agreement to date [8]. - Brookfield is also pursuing accretive acquisitions, including a majority stake in Neoen, which will add 8 GW of operating and under-construction assets and a pipeline of 20 GW [9]. - Recent investments in South Korea and expansion in India are expected to drive FFO growth above 10% annually [10]. Long-term Outlook - Brookfield Renewable anticipates a robust growth trajectory over the next two decades, driven by increasing demand for electricity from data centers and electric vehicles [11]. - The company expects to achieve an average annualized total return of 15% or more, supported by its strong dividend yield and growth potential [12].
3 High-Yield Dividend Stocks Down by More Than 39% to Buy Now and Hold at Least a Decade
The Motley Fool· 2024-09-16 09:23
Now could be a great time to scoop up three stocks trading way below their previous peaks. With the major stock market indices up near all-time highs, finding stocks that pay satisfying dividend yields isn't nearly as easy as it used to be. Before you give up, though, consider Brookfield Renewable Partners (BEP -0.27%), Royalty Pharma (RPRX 0.62%), and Bristol Myers Squibb (BMY 1.85%). Since 2020, these three dividend payers have increased their quarterly payouts between 22.7% and 40% higher. Despite the in ...
3 Incredibly Cheap Dividend Stocks With Yields Up to 7%!
The Motley Fool· 2024-09-14 07:01
Looking for high-yield stocks? Get to know Enterprise Products Partners, Brookfield Renewable, and Portland General Electric. The S&P 500 index is offering a teeny-tiny dividend yield of just 1.2% today. In comparison to that, Portland General Electric's (POR 2.23%) 4.1% yield looks huge. Brookfield Renewable Partners' (BEP -0.27%) 5.8% is even more impressive. And Enterprise Product Partners' (EPD 0.75%) 7.2% is downright massive! All of these yields are also above average compared to the industries in whi ...
This Nearly 5%-Yielding Dividend Stock Continues to Add More Fuel to Sustain Its High-Powered Growth Engine
The Motley Fool· 2024-09-13 09:08
Brookfield is helping accelerate the development of sustainable aviation fuel. Brookfield Renewable (BEPC 3.44%) (BEP 3.96%) is a global leader in renewable energy. It sells the power produced by its hydroelectric, wind, and solar energy assets under long-term contracts to utilities and large corporate buyers. Those agreements supply the company with predictable cash flow to support its nearly 5%- yielding dividend. The company has steadily increased its high-yielding dividend by growing its clean energy bu ...
3 Top High-Yield Utility Stocks to Buy in September
The Motley Fool· 2024-09-07 08:25
The utility sector has started to rebound, but that doesn't mean you can't find good high-yielding dividend stocks. The utility sector tends to be sensitive to interest rates because utilities generally make heavy use of leverage. With Wall Street expecting rates to fall, utility stocks have started to rise. That has lowered the dividend yield for some of these utility stocks. But don't pass on the sector if you are looking for yield. There are still some attractive dividend options. The list includes Brook ...
2 Top Dividend Stocks I Plan to Buy Even More of This September
The Motley Fool· 2024-09-04 09:31
These companies offer above-average income streams and growth profiles. Dividend stocks are proven wealth builders. The average dividend stock has delivered above-average annual total returns over the long term, with the highest returns coming from companies that consistently increase their dividends. The average dividend grower has delivered a 10.2% annualized total return over the last five decades compared to 7.7% for the average member of the S&P 500, according to data from Hartford Funds and Ned Davis ...
3 High-Yield Dividend Stocks That Are Screaming Buys in September
The Motley Fool· 2024-09-03 10:40
These companies provide lots of income and upside potential. High-yielding dividend stocks have underperformed in recent years. Higher interest rates have weighed down many. However, that could be about to change, given the expectations that the Federal Reserve will start cutting interest rates soon. That's left several high-quality, high-yield dividend stocks looking like screaming buys this September for those seeking income and upside potential. Three top ones to buy this month are Kinder Morgan (KMI 0.7 ...
Buy The Dip: Big Dividends Getting Way Too Cheap
Seeking Alpha· 2024-09-01 16:00
z1b Data by YCharts The dividend stock sector (SCHD) has made a strong comeback in recent weeks, after lagging the broader market ever since the beginning of 2023 as the AI boom, coupled with elevated interest rates, lifted mega-cap tech stocks while weighing heavily on interest rate-sensitive yield sectors such as REITs and utilities. That being said, some high-yield stocks have largely failed to rally along with the broader dividend sector, including some high-quality ones that appear to be meaningfully u ...
3 Can't-Miss Dividend Stocks to Buy Hand Over Fist This September
The Motley Fool· 2024-09-01 09:00
Chevron, Brookfield Renewable, and Williams look like great buys now. Dividend stocks can be fantastic investments. Historically, as a class, they have outperformed the average stock with less volatility than the broader market. The best performers have been companies that routinely increase their dividends. Brookfield Renewable (BEPC 0.76%) (BEP -0.35%), Williams (WMB 0.62%), and Chevron (CVX 0.36%) have track records of solid dividend growth. Their reliability on that score is one of the many factors that ...
Rare Buying Opportunity: Stocks Lagging The Ongoing Market Reversal
Seeking Alpha· 2024-08-27 19:45
bunhill From early 2023 until the beginning of July, big tech stocks crushed the broader market, significantly outperforming high-yield sectors like utilities (XLU) and REITs (VNQ). Over that 18-month period, the Al boom took off. Rising interest rates and persistent inflation caused the market to be ooncerned about "higher for longer" interest rates, which would weigh significantly on the value and growth potential of bond proxy business models like REITs and utilities. VAI The Utlillies Select Sector SPDR ...