My Top Renewable Energy Stock to Buy in February
A 3.7% yield might not sound huge on an absolute basis, but compared to the S&P 500 Index's scanty 1.3%, it's huge. Which is one of the reasons I think you'll find Brookfield Renewable Partners (NYSE: BEP) of interest. But there are many more reasons to like this growing player in renewable power. Here are five more reasons I like this name.
I'm a sucker for a good dividend story, and there are a number of things to like about Brookfield Renewable Partners' distribution. A prominent one is that, in 2020, the limited partnership distributed shares of Brookfield Renewable Corporation (NYSE: BEPC) to unitholders. Partnerships come with tax complications, notably in this case the need to file a K-1 Form come tax day. This can turn some investors off. By creating a sister company that trades as a regular corporation, investors can avoid the headache.
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Source Fool.com
