Brookfield Renewable: Leading the Charge in Delivering Strong Growth

Sunday, 5 May 2024, 10:14

Brookfield Renewable stands out as an exceptional dividend stock with its 5%-yielding dividend and a promising growth outlook. The company's recent first-quarter results showed a surge in funds from operations and strong performance across its renewable energy segments. With a massive development pipeline and strategic partnerships, Brookfield is well-positioned to achieve significant FFO per share growth and increase its dividend by 5% to 9% annually through 2028, making it an attractive long-term investment.
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Brookfield Renewable: Leading the Charge in Delivering Strong Growth

A Strong Start to the Year

Brookfield Infrastructure recently reported a record $296 million in funds from operations in the first quarter, driven by solid results in its hydroelectric, wind, solar, and sustainable solutions segments. The company's development pipeline is robust, with plans to bring 7 GW of new renewable energy capacity online this year and a total of 157 GW in various stages of development.

A Powerful Growth Tailwind

The tech sector's increasing energy needs present growth opportunities for Brookfield, illustrated by its landmark renewable energy agreement with Microsoft. By delivering renewable energy projects to tech giants, Brookfield is poised to achieve consistent FFO per share growth and boost its dividend payouts over the next few years.

Powerful Value Creation Potential

With a forecast of more than 10% annual FFO per share growth through 2028 and strong partnerships in place, Brookfield Renewable offers potential total annualized returns in the mid-teens. This makes it an outstanding dividend stock for long-term investors seeking growth.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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