CWEN - Don't Miss Out: 3 High-Yield Stocks to Buy Today
2024-02-04 06:10:00 ET
The share prices of many dividend-paying companies have been under pressure over the past couple of years because of rising interest rates. Higher rates increased their borrowing costs and made lower-risk alternative investments like bonds and bank CDs more attractive, which caused dividend yields to rise to compensate investors for their higher risk profiles.
However, that headwind should fade in 2024. Because of that and some company-specific factors, dividend yields could compress this year as share prices rise.
That makes now the time to buy high-quality, high-yielding dividend stocks before their yields fall from their more attractive levels. Stanley Black & Decker (NYSE: SWK) , Enbridge (NYSE: ENB) , and Clearway Energy (NYSE: CWEN) (NYSE: CWEN.A) currently stand out to these three Motley Fool contributors as higher-yielding dividend stocks that income-focused investors will want to scoop up before it's too late.
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Don't Miss Out: 3 High-Yield Stocks to Buy Today