This Incredible High-Yield Dividend Stock's Growth Prospects Are Accelerating Through 2028
Brookfield Renewable (NYSE: BEPC)(NYSE: BEP) has become an exceptional income-producing investment over the years. The global renewable energy company has delivered a dozen straight years of increasing its dividend by at least 5% annually. The company currently offers a 4.9% dividend yield, which is several times above the S 500's 1.6% yield.
While known more for its income-producing capabilities, Brookfield Renewable has an excellent track record of growing its income. Its funds from operations (FFO) have grown by more than 10% per share each year since 2012. Given the increased global focus on cleaner energy, Brookfield's growth appears poised to accelerate over the next five years.
Brookfield Renewable has been active over the past year and has invested in several new growth platforms. Notable deals it has closed or that are in the pipeline include:
Source Fool.com
Brookfield Corp. Stock
With 14 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
With a target price of 42 € there is a slightly positive potential of 5.0% for Brookfield Corp. compared to the current price of 40.0 €.
