20 Great Dividend Paying Stocks

#6 Brookfield Renewable Partners (BEP)
Dividend Yield: 5.4%

Brookfield Renewable Partners is a dividend paying stock with a great yield of 5.4% and a dividend growth streak of four years. The stock has a forward P/E ratio of 17.6 and is focused in the utilities sector of the renewables industry. The company’s business model runs on the premise of both owning and operating renewable energy power plants today. With more than 100 years of total experience in power generation, Brookfield Renewable Partners has a footprint in North America, Columbia, Brazil, and Europe. The plants are split between hydroelectricity at 88%, 11% in wind energy, and the remainder in biomass and solar energy. The company has more than 90% of its forecasted cash flow already under contract for the next 16 years which makes this a safe bet when choosing dividend paying stocks.