This High-Yield Dividend Stock's Smart Strategy Pays Big Dividends
Brookfield Renewable (NYSE: BEPC)(NYSE: BEP) has done a fantastic job paying dividends over the years. The renewable energy giant has increased its payout (which currently yields around 5%) by at least 5% annually for 13 straight years.
Several factors have helped power this steady rise. A big driver is its smart capital recycling strategy. The global renewable energy company will acquire assets on a value basis, operate them and enhance their value, and eventually sell them to recycle the capital into higher-returning new investments.
Brookfield Renewable is in the process of showcasing the value of this strategy, which should provide it with even more ability to grow its high-yielding dividend.
Source Fool.com
Brookfield Corp. Stock
€43.90
3.530%
With 16 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
On the other hand, the target price of 43 € is below the current price of 43.9 € for Brookfield Corp., so the potential is actually -2.05%.
