Q: Up to mid 2019, this stock was cruising on a gradual increase, then it doubled over the next 18 months. Now, some 38 months later, it is approaching where it was before it's 18 month growth spurt. I believe that you said the stock benefitted from increased interest in green energy, and that now that interest has waned. Would there be any more to describe the drop of some 42% over the past 3 years? Do you think the 6.3% dividend will be cut again? Thank you very much for your valuable perspective.
5i Research Answer:
BEP did not really cut its distribution at all. The dip was related to the spin out of BEPC which also pays a dividend. The drop largely relates to the big uptick in interest rates, and the spin out. As rate pressure eases, we expect the stock to do better.