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.