2/7/2024, 5:12:03 pm

This High-Yield Dividend Stock's Smart Strategy Pays Big Dividends

Brookfield Renewable has consistently increased its dividend payout by at least 5% annually for 13 years, yielding around 5%. The company's capital recycling strategy involves acquiring undervalued assets, operating and enhancing them, and selling them to invest in higher-returning projects. Brookfield plans to sell Saeta Yield for $1.8 bn and use the proceeds to fund its acquisition of Neoen.