“BEP Designated as a Leading Utility Dividend Stock with an Impressive 6.54% Yield”

Updated On: May 5, 2025 8:02 am

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Brookfield Renewable Partners Named Among Top Dividend-Paying Utilities

Brookfield Renewable Partners LP (Symbol: BEP) has been recognized as one of the Top 10 dividend-paying utility stocks, as reported by Dividend Channel in its weekly ”DividendRank” report. This report highlights BEP’s attractive valuation and profitability metrics compared to other utilities.

Currently, BEP shares are priced at $22.83, which translates to a price-to-book ratio of 1.9 and an annual dividend yield of 6.54%. In contrast, the average utility stock in Dividend Channel’s coverage yields only 3.6% and has a price-to-book ratio of 2.5. The report also emphasizes Brookfield’s solid quarterly dividend history and favorable long-term growth rates in key metrics.

The report states, “Dividend investors focused on value typically seek out strong, profitable companies that are also trading at appealing valuations. That’s what we aim to discover using our proprietary DividendRank formula. It ranks the universe based on profitability and valuation, generating a list of the top stocks worth further research.”

Brookfield Renewable Partners pays an annualized dividend of $1.492 per share, distributed quarterly, with the most recent ex-dividend date on May 30, 2025. Below is a long-term dividend history chart for BEP, which is crucial for investors evaluating consistency in dividend payments.

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