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Topic: Dividend Stocks

BROOKFIELD RENEWABLE ENERGY PARTNERS L.P. $35.71 – Toronto symbol BEP.UN

BROOKFIELD RENEWABLE ENERGY PARTNERS L.P. $35.71 (Toronto symbol BEP.UN; Units outstanding: 265.2 million; Market cap: $9.8 billion; TSINetwork Rating: Extra Risk; Dividend yield: 6.1%; www.brookfieldrenewable.com) owns 209 hydroelectric generating stations, 38 wind farms and five natural-gas-fired plants. In all, it has over 7,000 megawatts of generating capacity.

Roughly 26% of that capacity is in Canada, with another 51% in the U.S. and 16% in Brazil.

In the three months ended June 30, 2015, Brookfield’s cash flow per share fell 28.4%, to $0.53 from $0.74 a year earlier. That’s because below-normal rainfall slowed the company’s hydroelectric production. The units trade at 15.5 times Brookfield’s forecast 2015 cash flow of $2.30 a share. They yield 6.1%.

Brookfield Renewable Power is still a buy.

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