BIPC - 3 Ultra High-Yield Dividend Stocks Down 22% to 73% to Buy on the Dip
2023-10-20 06:15:00 ET
Higher interest rates have crushed higher-yielding dividend stocks. Many of these companies need to borrow money to fund new investments, which is getting more expensive. Meanwhile, lower-risk income investments like bonds and bank CDs now offer higher yields. These factors have weighed on the valuations of many higher-yielding dividend stocks, pushing their yields even higher.
Brookfield Infrastructure (NYSE: BIP) (NYSE: BIPC) , Enbridge (NYSE: ENB) , and NextEra Energy Partners (NYSE: NEP) have gotten walloped, falling 22% to 73% from their 52-week highs. Here's why income-focused investors should consider buying these dividend stocks on their dips.
Brookfield Infrastructure has plunged more than 30% from its 52-week high. That sell-off has pushed its dividend yield up to 6%. That's several times above the S&P 500 's 1.6% dividend yield.
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3 Ultra High-Yield Dividend Stocks Down 22% to 73% to Buy on the Dip