Growth And Yield? Get Them Both With Brookfield Renewable Corporation

Summary

• Brookfield Renewable Partners offers high-quality renewable assets, strong growth potential, a 6%+ yield, and trades at a fair valuation, making it attractive for dividend growth investors.
• The company’s hydroelectric assets generate 50% of FFO, with long-lasting, minimal environmental impact plants located in North America and South America.
• Wind and solar assets, generating 37% of FFO, present significant long-term growth opportunities, with the potential to add 47,300 MW of wind and 99,500 MW of solar capacity.
• Brookfield Renewable is majority-owned by Brookfield Corporation, ensuring alignment between asset managers and minority investors, and has a history of 11% annual FFO growth since 2016.

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Brookfield Renewable Corporation (TSX:BEP.UN:CA)(NYSE:BEPC)(NYSE:BEP) offers a compelling combination of high-quality assets, continued growth potential, a 5%+ yield, and it trades for a fair valuation. A long-term bull market for electricity is just icing on the cake. Put it together, and

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. 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.