Brookfield Is Launching Another Renewable Energy Company. Here's What Investors Need to Know.
This often overlooked dividend-focused outfit continues to expand its cash-generating engine in a savvy way.
Brookfield Is Launching Another Renewable Energy Company. Here's What Investors Need to Know.
Overview
Brookfield Asset Management (NYSE: BAM) continues expanding its footprint -- and its revenue-bearing business. Last week, the company announced that its energy arm, Brookfield Renewable (NYSE: BEP) (NYSE: BEPC), is co-launching a joint venture with Mitsubishi HC Capital that will own and operate a portfolio of established power-generating facilities in Europe.
Many investors have probably heard of Brookfield, but might not know exactly what it is. That's largely because there is more than one publicly traded entity within the Brookfield family. Brookfield Renewable, of course, holds energy-producing assets, while Brookfield Infrastructure Partners owns pipelines, utilities, and cell phone towers. Brookfield Business Corp. has interests in everything from mortgage insurance to car rentals to manufacturing. These are all cash cow businesses that generate recurring management fees, which are ultimately distributed as dividends to their shareholders.
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Originally published at www.fool.com.
