3 Brookfield Companies That Recently Raised Their Dividends

Brookfield Canada Office Properties (TSX:BOX.UN)(NYSE:BOXC), Brookfield Infrastructure Partners L.P. (TSX:BIP.UN)(NYSE:BIP), and Brookfield Renewable Energy Partners LP (TSX:BEP.UN)(NYSE:BEP) recently hiked their dividends. Should you buy one of them today?

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One of the keys to success in investing is owning dividend-paying stocks, because they outperform non-dividend-paying stocks over the long term, and the highest returns come from stocks that increase their rates as often as possible. With this in mind, let’s take a look at three Brookfield companies that recently increased their dividends and have reputations for doing so every year, so you can determine which would fit best in your portfolio.

1. Brookfield Canada Office Properties

Brookfield Canada Office Properties (TSX:BOX.UN)(NYSE:BOXC) owns a portfolio of 27 “premier” office properties totaling approximately 21 million square feet in the downtown cores of Toronto, Calgary, Ottawa, and Vancouver.

In its fourth-quarter earnings report on January 25, it announced a 5.7% increase to its distribution to $0.1092 per share monthly, or $1.31 per share annually, and this gives it stock a yield of about 4.9% at today’s levels.

Investors must also note that Brookfield Canada Office Properties has raised its annual dividend payment for five consecutive years, and this increase puts it on pace for 2016 to mark the sixth consecutive year with an increase.

2. Brookfield Infrastructure Partners L.P.

Brookfield Infrastructure Partners L.P. (TSX:BIP.UN)(NYSE:BIP) owns and operates a wide range of infrastructure assets in the utilities, transportation, energy, and communications industries.

In its fourth-quarter earnings report on February 3, it announced a 7.5% increase to its distribution to US$0.57 per share quarterly, or US$2.28 per share annually, and this gives its stock a yield of about 6.4% at today’s levels.

It is also very important for investors to note that Brookfield Infrastructure Partners has raised its annual dividend payment for six consecutive years, and this increase puts it on pace for 2016 to mark the seventh consecutive year with an increase.

3. Brookfield Renewable Energy Partners LP

Brookfield Renewable Energy Partners LP (TSX:BEP.UN)(NYSE:BEP) operates one of the largest publicly traded, pure-play renewable energy platforms in the world.

In its fourth-quarter earnings report on February 4, it announced a 7.2% increase to its distribution to US$0.445 per share quarterly, or US$1.78 per share annually, and this gives its stock a yield of about 6.8% at today’s levels.

Investors must also note that Brookfield Renewable Energy Partners has raised its annual distribution for five consecutive years, and this increase puts it on pace for 2016 to mark the sixth consecutive year with an increase.

Which of these Brookfield companies belongs in your portfolio?

Brookfield Canada Office Properties, Brookfield Infrastructure Partners, and Brookfield Renewable Energy Partners recently raised their dividends, and all represent attractive long-term investment opportunities today. Foolish investors should take a closer look and strongly consider initiating positions in one of them.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

Fool contributor Joseph Solitro has no position in any stocks mentioned.

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