- Stable dividend and low-risk growth
- Add infrastructure (hard assets) to your portfolio
- Low correlation to other TSX stocks
- Long-life assets with low operating costs
- Benefit from rising energy prices over time
A Year Already?
15 hours ago
Wednesday, December 16, 2009
Brookfield Renewable Power
Brookfield Renewable Power Fund (BRC), formerly Great Lakes Hydro Income Fund, will be added to the TSX Composite Index on Friday.
Brookfield Renewable Power is the premier publically traded hydro-generation company in Canada. Brookfield Asset Management owns 50.01% of the units, with the remaining 49.99% owned by institutional and retail investors.
Brookfield Renewable Power will convert to a corporation by 2011. With a payout ratio of 80% no change is forecasted to the current distribution of $1.25.
Reasons to Own Brookfield Renewable Power:
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3 comments:
I purchased Brookfield Power back when it was called Great Lakes Hydro. It yields over 8% on my cost base of $15.50 per share.
I plan on keeping this one for the next 25 to 50 years.
LOL... I was just looking at this one. It popped up in a list of upcoming additions to the TSX as you mention. This should help it as well as mutual funds with TSX restrictions can now purchase this stock!
Brookfield Renewable Power Fund (BRC.un) reported record results and increased its monthly distribution by 4% to 10.83 cents per unit, or $1.30 annually.
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