1 Magnificent Dividend Stock You Can Confidently Buy and Hold Forever
No one has a crystal ball to see into the future. Because of that, it's nearly impossible to predict what factors might affect a company's ability to continue growing.
However, it's evident that we need to reduce carbon emissions to ward off the worst possible effects of climate change. That suggests leading decarbonization provider Brookfield Renewable (NYSE: BEP)(NYSE: BEPC) should have lots of growth ahead. It should give the renewable energy company plenty of power to continue growing its dividend. That makes it a great stock to buy for a potential lifetime of dividend income.
The global economy must invest trillions of dollars over the coming decades to reach net-zero emissions. By 2030, the International Energy Agency estimates that the world needs to install four times the amount of wind and solar energy capacity it did in 2020 to stay on the path of achieving net-zero emissions by 2050.
Source Fool.com
