If I Could Buy Only 1 Dividend Stock, This Would Be It

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Never underestimate the power of dividends. For example, consider the S&P 500 index. Since 2000, it has increased by a little over 150%. But if you include reinvested dividends, the S&P 500’s total return is nearly twice as high at 280%. Dividends have a huge impact on how much investors make over the long run. The additional benefits often are even more spectacular with individual stocks.

There are plenty of great dividend stocks on the market. Different investors could find different dividend stocks more to their liking. But if I could buy only one dividend stock right now, it would be Brookfield Renewable (NYSE: BEP) (NYSE: BEPC).

Image source: Getty Images.

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