High-quality projects add to their appeal

Article Excerpt

High-yielding utilities Brookfield and Pembina remain great choices for income-seeking investors. Not only do their dividends look sustainable, but their new projects set the stage for more increases over the next few years. BROOKFIELD RENEWABLE PARTNERS L.P. $58 is a buy. Through units in the partnership (Toronto symbol BEP.UN; High-Growth Dividend Payer Portfolio; Utilities sector; Units outstanding: 447.0 million; Market cap: $25.9 billion; Dividend yield: 3.8%; Divd. Sustainability Rating: Above Average; www.brookfieldrenewable.com) investors gain exposure to 219 hydroelectric generating stations, 104 wind farms and 4,986 solar-power facilities. In all, they produce over 19,363 megawatts of generating capacity. On July 30, 2020, the partnership handed out one share of Brookfield Renewable Corp. (Toronto symbol BEPC) for every four units that investors held in BEP.UN. The new shares, which are the economic equivalent of the partnership units, will make it easier for index funds and ETFs, along with investors from outside North America, to invest in the business. That increases the appeal of the stock. Brookfield also completed a..