Brookfield Renewable Partners L.P. Dividend History (BEP)

Brookfield Renewable announced the issuance of C$200 million in fixed-to-fixed reset rate subordinated hybrid notes due 2055. The notes will bear interest at an annual rate of 5.450% and reset every five years starting on March 12, 2030. The proceeds will be used to fund eligible investments, including repaying related indebtedness.

Nuclear energy is experiencing a resurgence, driven by increasing power demand from artificial intelligence and data centers. Governments worldwide aim to triple nuclear energy capacity by 2050, and the passage of the ADVANCE Act in the U.S. aims to reduce regulatory costs and provide financial incentives for advancements in nuclear reactor technologies. Cameco, one of the largest publicly traded uranium companies, could thrive as the perception toward nuclear power shifts.

The author discusses selling his position in WEC Energy due to the stock's rapid price appreciation and investing in Brookfield Renewable Partners, a clean energy-focused business with a 5.6% dividend yield. The author believes Brookfield Renewable has a long runway for growth as the world shifts towards cleaner energy alternatives.