Hillcrest Energy Technologies. (CSE: HEAT)
From concept to commercialization, Hillcrest is investing in the development of energy solutions that will power a more sustainable and electrified future.
There’s no shortage of great energy stocks on the Toronto Stock Exchange, and in addition to providing a steady stream of lucrative dividend income, some have generated huge returns for investors over the past few years, including pipeline giant Enbridge (TSX:ENB).
In addition to operating the world’s largest and most complex pipeline system, Enbridge owns a growing renewable energy division and the largest natural gas utility in North America. A recurring, steady income stream provides for dividend payments, and Enbridge stock currently yields 6.29%, making it one of the most attractive dividend stocks on the TSX.
Considering that oil prices are likely to be even more challenging after Trump takes office in 2025, the energy stock below is also worth considering if investors are planning to buy another energy stock before the end of the year.
Brookfield Renewable Corporation (TSX:BEPC) is also one of the best energy stocks to buy right now. First and foremost, it’s because of the Brookfield influence among Canadian investors, making it one of the top choices for any portfolios.
Brookfield Renewable has one of the largest renewable energy portfolios in the world, which includes wind, solar and hydroelectric facilities across five continents. These facilities generate a steady stream of recurring income, allowing the company to invest in growth and pay a generous dividend. Its dividend yield is 4.80 per cent based on the latest stock exchange price.
Like Enbridge, the company has consistently raised its dividend significantly over the past decade or so. This means that potential investors can still consider buying Brookfield Renewable stock now for more additional growth over a longer period of time.
