Based on the latest closing prices BEP is now yielding 2.81% whereas BEPC is yielding almost one full percentage point less at 1.99%. Investment Research For Regular People Logo. So, for each 100 units held, investors received 25 shares of BEPC in what amounted to a tax-free split. The EU, UK, the state of California and the state of New York have even committed to net-zero carbon by 2050. There is no better time to join but don't just take our word for it. Gordon Pape is Editor and Publisher of the Internet Wealth Builder and Income Investor newsletters. Brookfield Renewable has made steady and consistent progress towards that target over the last couple of years. The Motley Fool has a disclosure policy. Its investment objective is to deliver long-term annualized total returns of 1215 per cent, including annual distribution increases of 59 per cent from organic cash flow growth and project development. For 2019, the FFO payout ratio came in at 89.8%, representing a meaningful improvement from the 95.4% reported for FY2018 but still some distance away from the targeted 70%. I am not receiving compensation for it (other than from Seeking Alpha). For the latest quarter ending September 30 it delivered adjusted FFO of $0.50 per unit representing an increase of 28% Y/Y which is far above its long-term strategic target between 12% to 15%. I regard this as a minor detail to the thesis. For more information, please see our In total quarterly actual generation increased by 10% demonstrating the value of diversified portfolio. The company has identified 4 key levers for long-term growth: (1) inflation escalators, (2) margin enhancement, (3) development pipeline and (4) M&A activities. On a 2020 YTD basis hydroelectric power generation reached 3,606 GWh slightly below last year's 3,732 GWh mostly due to drier conditions. If there ever is another steep sell-off in this stock in the future, I will certainly be more than happy to buy. Investors looking for higher income, albeit less dividend growth, could take a look at Canadian-based TransAlta Renewables (OTC:TRSWF)which pays monthly and is currently yielding 4.65% but with virtually no dividend growth over the last 5 years. The Benefits of Blending Public and Private Real Assets
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