5 Utility Stocks with Highest Dividends

4. Brookfield Renewable Corporation (NYSE:BEPC)

Dividend Yield as of April 7: 3.85% 

Brookfield Renewable Corporation (NYSE:BEPC) operates one of the world’s largest publicly traded platforms for renewable power and decarbonization solutions. The company’s diversified portfolio consists of hydroelectric, wind, solar, distributed energy, and sustainable solutions across five continents.

Brookfield Renewable Corporation (NYSE:BEPC) had a setback on March 23 when Morgan Stanley double-downgraded the stock from ‘Overweight’ to ‘Underweight’, while also trimming its price target from $48 to $42. The reduced target still indicates an upside of almost 2% from the current share price.

Brookfield Renewable Corporation (NYSE:BEPC) currently trades 25% higher than Brookfield Renewable Partners LP (NYSE:BEP), and the analyst sees this spread narrowing over time.

Brookfield Renewable Corporation (NYSE:BEPC) delivered a record ~8 gigawatts of new capacity globally in FY 2025, marking a YoY increase of 20%. The company ended the year with around 84 GW of advanced-stage projects, with a target to deliver a run-rate of approximately 10 GW per year by 2027.

Parnassus Investments, an investment management company, stated the following about Brookfield Renewable Corporation (NYSE:BEPC) in its fourth quarter 2025 investment letter:

“Brookfield Renewable Corporation (NYSE:BEPC) is another beneficiary of the AI build out. The stock was supported during the quarter due to an $80 billion strategic partnership that Westinghouse, a majority-owned investment of Brookfield, signed with the U.S. Department of Commerce to build nuclear reactors for data centers.”