Renewable-power stalwart Brookfield Renewable Partners (NYSE:BEP) has a dividend yield of 3.2%, near the lowest levels in the partnership’s history. Other prominent names in the space have even lower dividend yields. France’s TotalEnergies (NYSE:TTE) has a 7.3% yield. And while some may argue that it’s an oil stock, TotalEnergies has a long history in renewable power with even bigger plans for the future. Dividend-focused investors like myself would do well to take a close look.
The really important goal
Stating the obvious right up front, TotalEnergies has a long history behind it as one of the world’s largest integrated oil majors. Moreover, its results are still tied tightly to the ups and downs of the oil and natural gas markets. But there’s an important shift in the works. In fact, the change is so big that the company changed its name from just Total to TotalEnergies to highlight its clean-energy aspirations.