Acquisitions Are About to Supercharge This Top Dividend Stock's Growth Rate
Brookfield Renewable (NYSE: BEP) (NYSE: BEPC) has grown into one of the world's largest renewable energy producers. It has steadily developed new renewable energy projects, which, along with other organic drivers, have powered steady earnings growth. In addition, the company routinely makes value-enhancing acquisitions.
That latter power source is about to kick into high gear. The company recently closed a couple of acquisitions and has a few more needle-moving deals in the pipeline. They position the renewable energy juggernaut to end the year on a high note and give it lots of momentum heading into 2024.
That should give it more power to increase its dividend. Brookfield has raised its payout by at least 5% per year over the last dozen years.
Source Fool.com
Brookfield Corp. Stock
We see a rather positive sentiment for Brookfield Corp. with 14 Buy predictions and 1 Sell predictions.
As a result the target price of 42 € shows a slightly positive potential of 11.7% compared to the current price of 37.6 € for Brookfield Corp..
