I Can't Stop Buying Shares of This High-Yield Dividend Stock. Here's Why I Plan to Buy Even More in 2024.
I've been accumulating shares of Brookfield Renewable (NYSE: BEPC)(NYSE: BEP) for several years, and the renewable energy juggernaut has grown into one of my largest positions. Because of that and its high-yielding dividend, it's one of the top income producers in my portfolio.
Despite having an already meaningful allocation, I plan to continue adding to my position next year. Here's why I can't stop buying this top-notch income stock.
The main draw of Brookfield Renewable is its dividend, and it has the three things I seek in a dividend stock:
Source Fool.com
Brookfield Corp. Stock
€45.50
1.340%
We see a rather positive sentiment for Brookfield Corp. with 16 Buy predictions and 1 Sell predictions.
However, we have a potential of -5.49% for Brookfield Corp. as the target price of 43 € is below the current price of 45.5 €.
