2 dividend stocks to hold for the next 5 years


Nobody knows exactly what the future holds. However, some companies have more visibility into what lies ahead because of the durability of their cash flow and the growth investments they have secured. This gives them a lot of confidence in their ability to continue increasing their dividends.

Brookfield Renewable (NYSE: BEPC) (NYSE: BEP) i One ok (NYSE: OK) have visibility of its growth over the next five years. As a result, you can confidently hold these dividend stocks for the long term.

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A person putting another coin into a growing pile.
Image source: Getty Images.

Brookfield Renewable operates a globally diversified portfolio of renewable energies assets It sells most of the electricity it produces under long-term power purchase agreements (PPAs) with utilities and large corporate customers (90% of which are contracted for an average of 13 years). Most of these PPAs link rates to inflation (70% of his income). The company routinely signs higher rate PPAs as legacy agreements expire. For example, it has recently signed two 20-year hydropower agreements Googleaccounting for over $3 billion in revenue. As a result, Brookfield generates stable and steadily increasing cash flow.

The company also has a huge backlog of renewable energy development projects (84 gigawatts (GW) of projects in advanced stages). It delivered 8 GW of new capacity last year and expects to increase its annual delivery rate to 10 GW by 2027. The company expects to deliver 10.5 GW of capacity in Microsoft only in the period 2026-2030 as part of its global renewable energy framework agreement.

Brookfield’s growth drivers, which also include acquisitions, drive its view that it can grow its operating funds per share by more than 10% annually through 2030. That supports its plans to increase its 3.7% dividend yield by 5% to 9% annually. Brookfield has increased its payout by at least 5% annually since 2011.

Oneok is a leader gas pipeline company. It has a diversified portfolio of mid-assets generating fee-based cash flows supported by long-term contracts and government-regulated fee structures (over 90% fee-based income).

The company has significantly expanded and diversified its operations in recent years through a series of acquisitions. Oneok still expects to capture hundreds of millions of dollars in business synergies from these deals over the next few years, boosting its cash flow. In addition, the company has several organic expansion projects underway that should enter commercial service by mid-2028. It has ample financial flexibility to make consolidated acquisitions and approve additional expansion projects to enhance and expand its growth.



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