Here are high dividends you can count on: Brookfield Renewable Partners L.P. and Extendicare Inc.

Article Excerpt

High dividend yields can be a red flag for investors. Those impressive values often indicate that the current payment may be in danger. However, our exclusive Dividend Sustainability Rating helps investors avoid unpleasant surprises. Here are two high-yielding stocks that we still have immense confidence in. You should as well. BROOKFIELD RENEWABLE PARTNERS L.P. $62 is a buy. Through units in the partnership (Toronto symbol BEP.UN; High-Growth Dividend Payer Portfolio, Utilities sector; Units outstanding: 308.6 million; Market cap: $19.1 billion; Dividend yield: 4.4%; Dividend Sustainability Rating: Above Average; www.bep.brookfield.com) you gain interests in 219 hydroelectric generating stations, 108 wind farms and 4,907 solar-power facilities. In total, Brookfield operates over 18,042 megawatts of generating capacity with another 8,000 megawatts under development. The partnership last raised its quarterly distribution by 5.1%, in March 2019. The new annual rate of $2.06 U.S. a unit yields a high 4.4% for investors. The partnership aims to raise its cash distributions by 5% to 9% annually. Brookfield now plans to create a Canadian…