Want $1,000 in Dividend Income? Here's How Much You Have to Invest in Brookfield Renewable Stock.

Core Viewpoint - Brookfield Renewable is recognized as a strong income-generating entity with a consistent track record of dividend payments since 2001, showcasing a compound annual growth rate of 6% in dividends over the years [1][6]. Dividend Performance - The company currently offers a high dividend yield exceeding 5%, significantly higher than the S&P 500's yield of less than 1.5%, making it an attractive option for dividend income [2]. - Brookfield Renewable pays a quarterly dividend of $0.355 per share, translating to an annual payout of $1.42. To generate $1,000 in annual dividend income, an investment of approximately $19,825 is required at the current stock price of over $28 [3]. - In contrast, to achieve the same annual dividend income from an S&P 500 index fund, an investment of over $77,500 would be necessary due to its lower yield [4]. Financial Stability and Growth Prospects - The company supports its high-yielding dividend through stable cash flow, backed by long-term power purchase agreements with utilities and large corporate buyers for about 90% of its production, with 70% of contracts linked to inflation [5]. - Brookfield Renewable anticipates a healthy growth rate for its dividends, targeting an annual increase of 5% to 9%. The company expects to grow its cash flow per share by more than 10% annually through 2028, driven by inflation-linked rate increases, development projects, and accretive acquisitions [6].