This High-Yield Dividend Stock Has Soared More Than 20% This Year. Here's Why It Should Go Much Higher.
Brookfield Renewable (NYSE: BEP) (NYSE: BEPC) is known for its attractive distributions. The renewable energy provider has increased its distribution by a compound annual growth rate of around 6% over the last 22 years.
There are two ways to invest in Brookfield Renewable -- shares of its limited partnership (LP) trade under the BEP ticker while shares of its traditional corporate structure trade under the BEPC ticker. BEP's distribution yield currently tops 4.3% with BEPC offering a dividend yield of nearly 3.9%.
But there's more to Brookfield Renewable than just distributions; it also has tremendous growth prospects. This high-yield dividend stock has soared over 20% so far this year. Here's why it should go much higher.
Source Fool.com