Investing the sum of $200 in the Top High-Return Energy Stock at Present
If you've got an extra $200 to invest that isn't meant for immediate expenses or debt repayment, you might want to think about adding some shares of Brookfield Renewable (BEP 2.84%, BEPC 2.40%) to your portfolio. And here are a few reasons why it could be a wise move for an income investor, especially right now.
The name "Brookfield Renewable" already gives a hint about its focus. This company is all about renewable energy, a sector poised for significant growth as the world transitions away from carbon-based fuels. Brookfield Renewable operates in various niches, including wind, solar, battery storage, and even hydroelectric power, making it one of the most diversified clean energy businesses in the market. Plus, it has a significant footprint in North America, South America, Europe, and Asia, which means you'll have a globally diverse energy investment.
One of the things that sets Brookfield Renewable apart is its unique approach. While it technically operates like a utility with long-term contracts for power sales, it doesn't behave like one in the way it operates. Brookfield Renewable is more like an agile asset manager, actively acquiring and disposing of assets based on their value. It's a method that's proven successful over time, with the dividend showing steady growth of about 6% per year on average over the past 20 years.
Brookfield Renewable is essentially providing an opportunity to invest alongside Brookfield Asset Management, a large Canadian asset manager. It allows you to join their clean energy venture without the hassle of managing individual investments. Plus, it's more than just one investment class. You have two options: a partnership and a regular corporation, both representing the same entity with varying dividend yields.
Speaking of which, right now is a great time to consider investing in Brookfield Renewable. Energy policies in the U.S. market are uncertain, causing trepidation among investors. But Brookfield Renewable's global portfolio means it can adjust strategies according to market changes without losing its growth potential.
In conclusion, if you're looking for a clean energy investment, Brookfield Renewable has a lot to offer. Its strategy, approach, and global reach make it an attractive choice, despite the uncertain energy policies in the U.S. With the dividend at its current yield levels, it provides a great opportunity to join the clean energy revolution without taking too much risk.
Considering the exponential growth of the renewable energy sector, investing in companies like Brookfield Renewable could be a smart financial decision. With its unique approach of acting as an agile asset manager, Brookfield Renewable consistently demonstrates a steady growth in dividends, making it an attractive option for investors seeking reliable income.
