Tue, Jul 2, 2024 5:12 PM
This High-Yield Dividend Stock's Smart Strategy Pays Big Dividends
A Flip by Shubhangi Gupta
Brookfield Renewable, a renewable power asset investor, raises capital through Brookfield Asset Management. It has two share classes: BEP & BEPC. Brookfield Renewable Partners yields 5.7%, while Brookfield Renewable Corp yields 5%. The difference is due to demand, with more investors wanting the corporate version. Income investors may prefer BEP, despite the K-1 form, as it offers a higher yield.
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FMCG stocks have underperformed in 2024 due to weak base demand, weather shocks, and irregular monsoons, leading to sluggish sales growth. Despite cost cuts and pricing initiatives, profitability remains under pressure. Inflationary pressures and input cost escalations have further weighed on margins. The sector's revenue growth is expected to remain subdued, impacting investor sentiment.
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Noventiq, a London-based IT firm, and Corner Growth Acquisition, a special purpose acquisition company (SPAC), have mutually terminated their blank-check deal, citing unfavorable SPAC market conditions and other factors. The deal would have resulted in Noventiq listing on Nasdaq. The company has decided to remain private, citing it as the right decision for now.
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