Want $1,000 in Dividend Income? Here's How Much You Have to Invest in Brookfield Renewable Stock.
Brookfield Renewable (NYSE: BEPC)(NYSE: BEP) has a terrific track record of paying dividends. The leading global renewable energy producer has paid them since 2001. It has steadily grown its payout over the years (a 6% compound annual rate), including delivering at least 5% annual growth in each of the last 13 years.
The renewable energy dividend stock currently offers a high dividend yield (over 5% compared to less than 1.5% for the S 500). Because of that, investors can generate a lot of dividend income from Brookfield Renewable.
Brookfield Renewable currently makes quarterly dividend payments of $0.355 per share ($1.42 annually). At that rate, you'd need to own over 704 shares of Brookfield Renewable to generate $1,000 of dividend income each year. With the stock price recently over $28 apiece, you'd need to invest roughly $19,825 into the stock to reach that annual income level.
Source Fool.com
Brookfield Corp. Stock
We see a rather positive sentiment for Brookfield Corp. with 16 Buy predictions and 1 Sell predictions.
However, we have a potential of -6.32% for Brookfield Corp. as the target price of 43 € is below the current price of 45.9 €.
