This Magnificent Dividend Stock's Smart Strategy Continues to Pay Big Dividends
Brookfield Renewable Partners L.P.(BEP) The Motley Fool·2024-09-26 18:22
Brookfield Renewable's capital recycling strategy enhances its ability to grow. Acquisitions are a core aspect of Brookfield Renewable's (BEPC 0.79%) (BEP 1.39%) growth strategy. The company's ability to make accretive deals has helped give it the power to increase its dividend. It has done a magnificent job over the years, growing its payout at a 6% compound annual rate during the past 20 years. However, buying assets is only one aspect of Brookfield's strategy. It also routinely sells investments to recyc ...