As an income investor, the number-one goal should be to find a dividend growth stock. This is because the purpose of income investing is to invest in companies that have growing earnings and that share the profits with the shareholders. Another reason to consider a dividend growth stock is that it provides safety to the dividend, making it unlikely that the dividend will be cut in the future.
A company for dividend growth investors to consider is Brookfield Renewable Partners LP (NYSE:BEP), which has a market cap of $6.5 billion. Brookfield Renewable Partners specializes in renewable energy, including hydroelectric, wind, and biomass, with assets across North America, South America, and Europe. It became a public company in 2011, and since then has been known as a dividend growth stock. The dividend has seen as increase of 31% every year since 2011.
Source: Income Investor
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