2 Dividend-Paying Energy Stocks to Buy at a Discount
The S 500 index is hovering near all-time highs which means it's yielding a scant 1.3% or so. But you can still find attractive (i.e. inexpensive) dividend stocks to add to your portfolio -- if you look hard enough.
Right now, the broader energy sector has two examples that still appear to be trading at a discount: Brookfield Renewable (NYSE: BEP) (NYSE: BEPC) and Enbridge (NYSE: ENB). Here's why you'll want to look at both of them.
Brookfield Renewable has two share classes you can buy: one that is structured as a partnership and another that is structured as a regular corporation. The corporate shares were created so that institutional investors who were barred from owning partnerships could invest in Brookfield Renewable. Those shares trade at a slight premium to the partnership. If you are willing to own the partnership you can collect a yield of around 5.2%. The corporate share class's dividend yield is roughly 4.5%. They are, otherwise, virtually identical. And they are both down more than 40% from their 2021 high-water marks.
Source Fool.com
Brookfield Corp. Stock
We see a rather positive sentiment for Brookfield Corp. with 16 Buy predictions and 1 Sell predictions.
However, we have a potential of -0.69% for Brookfield Corp. as the target price of 43 € is below the current price of 43.3 €.
