This Energy Stock Is a Must-Own for Any Dividend Investor
The energy industry hasn't been kind to dividend investors over the years. Energy-price volatility has plagued the sector, forcing many energy companies to reduce or suspend their dividends. Given the sector's accelerating transition toward cleaner alternatives, many more could face that same fate in the coming years.
The sector's issues make Brookfield Renewable (NYSE: BEPC)(NYSE: BEP) stand out. It has an excellent dividend track record and an even brighter future. These are just some of the factors that make it one of the few must-own stocks in the energy industry for dividend investors.
Brookfield Renewable currently offers investors a 3.1% dividend yield. That's more than double the S&P 500's 1.4% yield. Brookfield has gone to great lengths to ensure the long-term sustainability of its payout.
Source Fool.com
