BPYU - 6 Stocks to Buy With Dividends Yielding More Than 6%
The COVID-19 outbreak has had a significant impact on dividend stocks this year as several companies reduced or suspended their payouts to preserve cash. Two of the hardest-hit sectors were energy stocks and REITs . Investors remain worried about other payouts in those industries, which has pushed down valuations, causing yields to rise. That's allowing investors to scoop up some compelling dividend yields in those beaten-down sectors. Here are six stocks yielding over 6% that income investors won't want to miss.
Brookfield Property (NASDAQ: BPY) (NASDAQ: BPYU) has been under pressure this year because of the impact the COVID-19 outbreak has had on its core office and retail portfolios. However, the company's offices have held up reasonably well as work-from-home trends don't seem like they'll have a long-term impact. Meanwhile, sales at its mall properties are recovering, which has it optimistic about that sector's future. Add those factors to Brookfield's strong balance sheet, and it has the liquidity to maintain its monster dividend through the current turmoil in the real estate sector.
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6 Stocks to Buy With Dividends Yielding More Than 6%