Better Dividend Stock: Brookfield or NextEra?
Brookfield Renewable (NYSE: BEP)(NYSE: BEPC) and NextEra Energy (NYSE: NEE) are two of the better dividend stocks in the energy industry. They both have a long history of growing their above-average yielding dividends. Furthermore, given their focus on clean energy, they should deliver sustainable growth in the decades ahead. However, for investors who only want one clean energy-powered dividend in their portfolio, here's how to decide which is the better choice.
Daniel Foelber (NextEra Energy): Brookfield Renewable offers an attractive one-two punch of short-term income paired with long-term growth. And for investors looking for a more pure-play renewable energy investment, I think that Brookfield Renewable is the better buy. However, if we are talking about sources of passive income specifically, I'd go with NextEra Energy over Brookfield Renewable.
Brookfield Renewable has a 3.6% dividend yield compared to NextEra Energy's 2.1%. But long-term investors know that a reliable yield is much more important than a high yield. And NextEra Energy has a more reliable dividend and a better path to future raises than Brookfield Renewable.
Source Fool.com
