solar panels Christopher Furlong/Getty Images News
Brookfield Renewable Partners (NYSE:BEP)(TSX:BEP.UN:CA) is a Canadian renewable energy company that supplies solar, wind and hydro power, as well as natural gas and nuclear equipment. This broad
Brookfield Renewable: Check Out That 6.9% Yield
Summary
- Brookfield Renewable Partners has a 6.9% dividend yield.
- The company has a 75% cash flow payout ratio, which is pretty sensible.
- Brookfield Renewable's earnings and cash flows have been growing steadily over time. It recently scored a massive deal with Microsoft that will increase earnings and cash flows further.
- The company's focus on renewables bodes well for its future.
- In this article, I explain why I'd buy Brookfield Renewable stock for its 6.9% dividend yield.
Financial journalist. Passed CFA Level 1. Seeking value and dividend growth opportunities, and sharing what I find on Seeking Alpha. Follow me on Youtube and Twitter: twitter.com/AJButton2
Analyst’s Disclosure: I/we have a beneficial long position in the shares of BN, BN:CA, SU, SU:CA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.