This Top Stock Proves It Has Plenty of Power to Continue Growing Its 5%-Yielding Dividend
Brookfield Renewable (NYSE: BEPC)(NYSE: BEP) recently closed the books on another solid year. The renewable-energy giant grew its funds from operations (FFO) by 7% per share. That gave it the power to increase its dividend by another 5% for 2024. It has now grown its payout by at least 5% each year since its public market listing 13 years ago.
The renewable-energy powerhouse should have plenty of power to continue pushing its payout (which currently yields 5%) higher in the future. That's clear from its 2023 results and outlook for what's ahead.
Brookfield Renewable generated a record $1.1 billion, or $1.67 per share, of funds from operations (FFO) in 2023. That was a 7% increase from 2022's total. While that was below its target of delivering 10%-plus FFO per share growth last year, that was largely due to the timing of acquisitions, which closed later than expected during the fourth quarter. On top of that, Brookfield's hydroelectric assets experienced a more challenging year because of lower water reservoir levels.
Source Fool.com
Brookfield Corp. Aktie
Einige Buy-Einschätzungen bei Brookfield Corp. überwiegen die Sell-Einschätzungen leicht.
Dadurch ergibt sich bei einem Kursziel von 42 € ein leicht positives Potenzial von 1.69% im Vergleich zum aktuellen Kurs von 41.3 € bei Brookfield Corp..
