Investing $1,000 Into These Dividend Stocks Could Yield a Big Payoff By 2030

The energy transition to cleaner power is one of the biggest investment opportunities in a lifetime. Companies must invest trillions of dollars over the next few decades to decarbonize their operations. That will power tremendous growth for companies developing and producing renewable power.

Brookfield Renewable (NYSE: BEP)(NYSE: BEPC) and NextEra Energy (NYSE: NEE) are renewable energy industry leaders. A relatively modest investment of around $1,000 into these stocks could yield strong total returns in the coming years as they grow their earnings and dividends.

Brookfield Renewable has a tremendous track record of growing shareholder value. The large-scale renewable power producer has generated an average annual total return of 19.6% over the last five years and roughly 16% since its inception, obliterating the returns of the S 500 (10.6% over the past five years and about 7% since Brookfield Renewable's formation). That has given Brookfield the power to grow a $1,000 investment into nearly $2,500 over the past five years. 

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Source Fool.com