Monday, 8 February 2016

Brookfield Renewable Energy 4th Quarter 2015 Results and Distribution Increase

Brookfield Renewable Energy Partners (TSX:BEP.UN) announced their 4th Quarter 2015 results, and along with it a 7% distribution increase. Details can be found here.

I'd previously mentioned that I hold this particular stock for the growth that renewable energy represents in today's world, as well as the US currency denominated distribution, and these results delivered on both fronts. With a global network of renewable energy in multiple areas, and a growing asset base, Brookfield Renewable looks like it will be able to deliver on dividend growth for some time to come.

The previous quarterly distribution of  $0.415 US has been increased to $0.445 US. This may not sound like a lot, but that original $0.415 US worked out (as of last distribution) to $0.574 Canadian. A 7% increase makes the $0.445 US into a $0.614 Canadian distribution. This is one of the reasons having a US denominated distribution can help mitigate the damage of a falling Canadian dollar.

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