This Vital Factor Makes Brookfield Renewable an Incredible Dividend Stock
Brookfield Renewable (NYSE: BEP)(NYSE: BEPC) has two share classes. At their current prices, its partnership shares offer a 4.9% distribution yield while its corporation shares have a yield of 4.3%. Both are attractive yields given that the S 500 on average yields a scant 1.3% today. While Brookfield Renewable is an attractive income stock option, you need to go into an investment in it understanding that it isn't exactly run like most companies. And there's an important factor that sets it apart in a good way.
The first thing you need to know about Brookfield Renewable is that it is operated by Brookfield Asset Management (NYSE: BAM). It is, basically, a funding vehicle that allows investors to invest alongside Brookfield Asset Management in the renewable power space. That's neither good nor bad on its own, but it does change the dynamics of the story.
Source Fool.com
Brookfield Corp. Stock
We see a rather positive sentiment for Brookfield Corp. with 15 Buy predictions and 1 Sell predictions.
As a result the target price of 42 € shows a slightly positive potential of 2.44% compared to the current price of 41.0 € for Brookfield Corp..
