Dividend Capture Strategy: 5 High-Yield Stocks to Buy in February

4. Brookfield Renewable Partners L.P. (NYSE:BEP)

Ex-Dividend Date: February 27
Dividend Yield as of February 6: 4.72%

Brookfield Renewable Partners L.P. (NYSE:BEP) is a Bermuda-based renewable energy company that owns related power assets. In January, JonesResearch initiated its coverage of the stock with a Buy rating and a $37 price target. The firm mentioned that the company has ‘abundant growth ahead’.

On February 3, Brookfield Renewable Partners L.P. (NYSE:BEP) declared a quarterly dividend of $0.3375 per share, having raised it by 5.5%. This was the company’s 12th consecutive year of dividend growth. This high-yield dividend stock’s yield came in at 4.72% on February 6. The stock will be trading ex-dividend on February 27.

At the end of Q3 2022, 19 hedge funds in Insider Monkey’s database owned stakes in Brookfield Renewable Partners L.P. (NYSE:BEP), worth $161.2 million. With nearly 2 million shares, Select Equity Group was the company’s leading stakeholder in Q3.