Like Dividends? I Bet You'll Love These 3 Stocks
Famed industrialist John D. Rockefeller once quipped to his neighbor that the only thing that gave him pleasure was to see his dividends coming in. If you're like Mr. Rockefeller and enjoy seeing dividend payments drop into your brokerage account, then I bet you'll probably love Brookfield Renewable Partners (NYSE: BEP), W.P. Carey (NYSE: WPC), and Magellan Midstream Partners (NYSE: MMP). Not only does this trio pay well above-average dividends, but each should continue growing those payouts for the foreseeable future.
Brookfield Renewable Partners owns one of the largest renewable power businesses in the world. Overall, the company operates 261 generating facilities in North and South America, as well as Europe, with 85% of its portfolio comprised of hydroelectric plants. What makes that collection worth noting for dividend seekers is that the company secured long-term power purchase agreements for 94% of the electricity these facilities generate. Those contracts provide the company with a stable revenue stream to send back to investors.
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Source: Fool.com
