Saturday, July 20, 2019

Recent Buy: Brookfield Renewable Partners (BEP)

Earlier in July I bought 26 shares of Brookfield Renewable Partners (BEP) for $ 34,83 per share. The total amount of money invested just over $ 900. Brookfield Renewable Partners currently pays an annual dividend of € 2,06 per share so with this purchase my yearly dividend income increases with € 40 after taxes.

The main reasons for my purchase are:

  • Brookfield Renewable Partners is a big player in the renewable energy space. This is one of the big, of not the biggest trend for the coming decades in which a shift in energy supply from fossil fuels to renewables will be made. I want to part of this shift by owning the best companies in this space.
  • They currently pay a healthy dividend of around 6% which has grown around 5-6% per year in the last decade. Management expects dividend growth of 5 to 9% for the near future. 
  • I didn't have any exposure to utilities in my portfolio as of yet.
With my monthly deposits and dividend income I expect to do another purchase in three months.

What do you think of my purchase of Brookfield Renewable Partners? Are you currently looking to open (or add) a position in BEP?


  1. Dividend Dream -

    Congratulations on the purchase! I've been on the sidelines for some time and it's nice seeing purchases being made, for sure!


    1. Hi Lanny, thanks for stopping by and taking the time to leave a comment. I hope you will be able to do some new purchases soon! Best of luck.