Beyond Yield: Brookfield & Energy Transfer Lead Dividend Growth
Investors seeking reliable dividend stocks should look beyond high yields and consider growth potential. Two companies, Brookfield Asset Management and Energy Transfer, stand out for their dividend track records and growth prospects.
Brookfield Asset Management, an underrated dividend stock, has increased its dividend annually since its inception in 2022. It plans to more than double its fee-bearing capital to $1.2 trillion by 2030, implying a projected 2x growth in distributable earnings per share. Meanwhile, Energy Transfer, a dividend-paying energy stock yielding 7.5%, aims to grow its annual dividend by 3% to 5%.
The Motley Fool Stock Advisor team did not include Energy Transfer in their list of the 10 best stocks to buy now, but the company's huge project backlog and investments in high-growth areas like data centers suggest it can meet its energy dividend growth target. However, the current search results do not confirm whether Energy Transfer is among the team's top 10 recommendations.
Investors should focus on dividend growth, not just yields. Brookfield Asset Management and Energy Transfer, with their proven track records and growth prospects, are strong contenders for dividend-focused portfolios.
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