Q: With a 5 year time horizon, would you recommend initiating a position in BEP.un? Any concerns about the dividend?
5i Research Answer:
BEP.UN has struggled along with most income stocks, with higher rates the main reason. It is still growing its revenue and cash flow nicely. Payout ratio is about 80% currently (last 12 months). The distribution was raised in February. We do not think it is at any risk in the medium term.