For dividend-hungry investors, these are challenging times. As companies continue to contend with the havoc that the coronavirus has wreaked, many management teams are electing to cut -- or even suspend -- their dividends in a bid to better secure their businesses' finances. While this may be a prudent course of action for some individual companies, it's a negative for investors who rely on dividends for the income they generate in their portfolios.
Does this mean that investors should simply forsake dividend-paying stocks? Of course not. There are still plenty of compelling opportunities to be found.
And these aren't nominal yields, either. For example, investors can turn to companies like ALLETE (NYSE: ALE), Brookfield Renewable Partners LP (NYSE: BEP), and Hannon Armstrong Sustainable Infrastructure Capital (NYSE: HASI) for dividends yielding more than 4% at the moment.