Brookfield Renewable: A wealth creator with a long-term vision
- Brookfield Renewable $BEP+0.7% has delivered investors an average annual return of 15.8% over the past 20 years, significantly outperforming the average annual return of the S&P 500 Index.
- A $10,000 investment made 20 years ago would have grown to more than $187,000 thanks to this company, which is $100,000 more than an investment in an S&P 500 index fund.
- Brookfield Renewable $BEP+0.7% has been increasing its funds from operations (FFO) at an annual rate of 12% since 2016 and its dividend at 6% per year since 2001.
- A trio of organic growth factors are expected to drive FFO per share growth of 7% to 12% annually through 2028.
- The recent long-term power supply agreement with Microsoft highlights the strong long-term organic growth rate.
- Brookfield Renewable $BEP+0.7% plans to continue to grow its dividend by 5% to 9% annually.
- The rising dividend and double-digit earnings growth rate suggest the company has the potential to achieve yields in the teens over the next five years.
What do you investors think of this very interesting company?
That average yield is very nice and the dividend is solid too. I'll take a closer look at the company.