2024-03-19 05:15:00 ET
Brookfield Renewable (NYSE: BEPC) (NYSE: BEP) has been a powerful wealth creator since its formation in 2011. The renewable-energy producer has delivered a 12.2% annualized total return over that period. That has turned a $1,000 investment into over $4,500. The company has grown its funds from operations (FFO) per share at a more than 10% annual rate, giving it the power to increase its dividend by at least 5% annually.
The company could produce even more powerful returns in the future. That potential makes it stand out as one of the best energy stocks to invest $1,000 into right now.
Brookfield Renewable currently offers a very attractive dividend yield of 6%. At that rate, a $1,000 investment could turn into $60 of annual dividend income.
For further details see:
The Best Energy Stock to Invest $1,000 in Right Now