How Safe Is This ESG Player's 5.5% Yield?

It just raised its dividend AGAIN! [Shield] AN OXFORD CLUB PUBLICATION [Wealthy Retirement]( [View in browser]( SPONSORED [Better Than Oil Stocks]( [Click Here to Play]( The best way to profit from energy is NOT a stock... Rather, it's [this little-known alternative investment](. [CLICK HERE TO FIND OUT MORE]( [SAFETY NET]( [How Safe Is This ESG Player's 5.5% Yield?]( [Marc Lichtenfeld, Chief Income Strategist, The Oxford Club]( [Marc Lichtenfeld]( Brookfield Renewable Corp. (NYSE: BEPC) invests in renewable energy assets on five continents and pledges to be as environmentally friendly as possible. The stock pays a 5.5% dividend yield, but given the problems in the ESG (environmental, social and governance) space these days, can investors rely on that yield in the future? Brookfield Renewable Corp. is similar to its sister company Brookfield Renewable Partners (NYSE: BEP), except it is a regular "C corporation" that issues a 1099-DIV, while the partnership issues a K-1 statement. The corporation was set up so investors who prefer not to be in a partnership would still have a way to invest in the company. Because the corporation was set up after the partnership, it reports results the same way the partnership does: It uses funds from operations (FFO) as its measure of cash flow, which is common for partnerships. SPONSORED [The Big Banks Will Be FURIOUS This Secret Is Out...]( [Cartoon Marc Holding Money]( Financial Insider Reveals "Magic Code" You Can Use to Get Up to 255 Times More Income From the Big Banks. [If You Have a Savings Account, Check This Out Immediately.]( In 2023, Brookfield Renewable Corp. generated $1.1 billion in FFO, up from $612 million the year before. In 2024, FFO is forecast to soar to over $1.3 billion. [Chart: Brookfield Renewable Corp.'s Soaring FFO]( [View larger image]( The company paid out $499 million in dividends in 2023 for a payout ratio of 46% based on its FFO. This year, the dividend is forecast to rise to $1.42 per share, but due to the huge expected boost in FFO, the payout ratio should dip to 40%. So the dividend remains quite affordable. Now, the company does have a short history of paying dividends, having just started paying one in 2020. But it has raised the dividend every year since, including a 5% boost for the first quarter of 2024. Before I reveal my grade, I want to know your thoughts. Do you feel like you could depend on Brookfield Renewable Corp.'s dividend? What grade would you give it? Click the button below to share your thoughts, then scroll up to finish reading and get my grade. [Share Your Grade and Finish Reading Here]( [The Oxford Club's Wealth, Wine and Wander Tour of Spain - Barcelona, Granada, Seville and Madrid, June 6-16, 2024 (plus special extension through June 21)]( BUILD AND PROTECT YOUR WEALTH [One Potentially Explosive Stock That Alexander Green Just Discovered Has Seen Five-Year 2,000% Revenue Growth, Enjoys 70% Gross Margins and Sports a Debt-Free Balance Sheet, yet Still Trades Under $10. He's Calling It the "Next Great American Super Stock." 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