Beat the S&P 500 With This Cash-Gushing Dividend Stock
Brookfield Renewable (NYSE: BEPC)(NYSE: BEP) is a cash flow machine. The renewable energy producer generates very stable cash flow backed by long-term power purchase agreements with utilities and large corporate buyers. It uses that cash to pay dividends and grow its portfolio of cash-producing clean energy assets.
That strategy has paid off for shareholders over the years. Brookfield Renewable has consistently beaten the S 500:
Timeframe
Source Fool.com
Brookfield Corp. Stock
€45.50
1.340%
With 16 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
On the other hand, the target price of 43 € is below the current price of 45.5 € for Brookfield Corp., so the potential is actually -5.49%.
