Reported 4 months ago
The values of renewable energy companies have been affected by higher interest rates in recent years, making borrowing more expensive and slowing growth. This has led to top dividend stocks Brookfield Renewable and Clearway Energy trading at lower share prices and higher dividend yields, making them attractive buys in June. Brookfield Renewable offers a 4.5% dividend yield with plans for 5% to 9% annual growth, driven by organic growth drivers and accretive acquisitions. Clearway Energy, with a dividend yield of around 6%, is focused on growing its payout through its capital-recycling strategy and potential investments in storage solutions. Both companies are expected to produce powerful total returns in the future as renewable energy demand continues to rise.
Source: YAHOO