TERP - 1 Solar Energy Growth Stock Dividend Investors Won't Want to Overlook
Brookfield Renewable Partners (NYSE: BEP) operates one of the world's largest renewable energy portfolios. While it's diversified across several asset classes, it's a bit light on solar. That power source accounted for only about 4% of its capacity during the first half of this year. However, that will change in the coming years, given the company's recent transactions focused on that sector.
Those investments in solar help position Brookfield Renewable to grow its cash flow at more than a 10% annual rate over the next five years. That'll give the company plenty of power to continue increasing its 4.8%-yielding dividend, which is something income-seeking investors won't want to miss.
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