Brookfield Renewable yields over 4%, outpacing S&P 500
Brookfield Renewable has increased its high-yielding payout by at least 5% each year since 2011.
The company expects to grow its funds from operations at a rate of more than 10% annually through 2031, driven by inflation-linked rate increases and new renewable energy development projects.
ExxonMobil’s dividend currently yields almost 3%, with 43 consecutive years of dividend payment increases, a rare feat among S&P 500 companies.
The combination of yield and growth positions Brookfield Renewable to deliver total annualized returns in the 12%-15% range, a robust return from a high-yield stock.