BEPC - This High-Yield Dividend Stock's Smart Strategy Pays Big Dividends
2024-07-02 06:12:00 ET
Brookfield Renewable (NYSE: BEPC) (NYSE: BEP) has done a fantastic job paying dividends over the years. The renewable energy giant has increased its payout (which currently yields around 5%) by at least 5% annually for 13 straight years.
Several factors have helped power this steady rise. A big driver is its smart capital recycling strategy. The global renewable energy company will acquire assets on a value basis, operate them and enhance their value, and eventually sell them to recycle the capital into higher-returning new investments.
Brookfield Renewable is in the process of showcasing the value of this strategy, which should provide it with even more ability to grow its high-yielding dividend .
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This High-Yield Dividend Stock's Smart Strategy Pays Big Dividends