3 High-Powered Dividend Stocks to Buy and Hold Forever
It's nearly impossible to predict the future. However, it's becoming abundantly clear that the world is transitioning to lower-carbon energy sources like renewables. That switch will take decades to complete and billions of dollars of investments.
We can reasonably assume that companies focused on producing clean energy can generate growing cash flow streams for years to come. That will give them more money to pay dividends and invest in expanding their businesses. Brookfield Renewable (NYSE: BEP)(NYSE: BEPC), Clearway Energy (NYSE: CWEN)(NYSE: CWEN.A), and NextEra Energy Partners (NYSE: NEP) are three leading renewable energy dividend stocks. That puts them in an excellent position to supply their investors with a lifetime of dividend income.
Brookfield Renewable currently offers a 4.1% dividend yield, which is more than double the yield on the S&P 500 (recently around 1.6%). The company has an excellent track record of paying dividends. It has increased its payout by at least 5% annually since its public market listing 12 years ago, including by 5.5% earlier this year.
Source Fool.com
