Brookfield Renewable (NYSE: BEPC)(NYSE: BEP) is a stellar dividend stock. The renewable energy producer has increased its payment by at least 5% in each of the last 13 years. It currently yields around 4.5%, several times above the S 500's 1.3% dividend yield.

The company's higher dividend yield enables investors to generate more income from every dollar they invest. Here's how much of the renewable energy producer you'd need to own to generate $1,000 of annual dividend income.

Brookfield Renewable currently pays a quarterly dividend of $0.355 per share ($1.42 annually). At that rate, you'd need to own about 705 shares of the renewable energy company to generate approximately $1,000 of annual dividend income. With shares recently trading at around $31.50 apiece, you'd need to invest more than $22,200 to produce $1,000 of annual dividend income from this stock.

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Source Fool.com