- Brookfield Infrastructure Partners L.P. (BIP.UN)
- Brookfield Renewable Corporation Class A Exchangeable Subordinate Voting Shares (BEPC)
- Brookfield Corporation Class A Limited Voting Shares (BN)
- Brookfield Asset Management Ltd. Class A Limited Voting Shares (BAM)
Here are all the Brookfield entities along with dividend yields:
BN (Brookfield Corporation)
Yield: 0.5%
BAM (Brookfield Asset Management)
Yield: 2.6%
BIP.UN (Brookfield Infrastructure Partners)
Yield: 5.0%
BEP.UN (Brookfield Renewable Partners)
4.25%
BBU.UN (Brookfield Business Partners)
1.2%
BNRE (Brookfield Reinsurance Ltd.)
0.63%
We think BN and BBU.UN and BNRE are optimized for growth and capital appreciation, while BAM, and BIP.UN, and BEP.UN are vehicles that are optimized for dividend growth. Overall, names with higher yields are preferred to be held in registered accounts, generally, but it can depend on one's tax situation. Depending on investors preference, we think it makes sense to hold multiple entities. We like BAM and BN most among these names, with BAM for income and BN for growth.