2024-07-03 05:01:00 ET
High-yield dividend stocks tend to be slower-growing companies. That slow growth weighs on their valuations, pushing up their yields. As a result, their payouts often make up the bulk of their shareholders' total returns.
However, Brookfield Infrastructure (NYSE: BIPC) (NYSE: BIP) isn't like most high-yield dividend stocks . The global infrastructure operator is growing briskly and should continue to. That, in turn, should give it the fuel to produce strong total returns . Those features make it stand out as one of the best high-yield dividend stocks to buy this month.
At its current share price, Brookfield Infrastructure's dividend has a yield approaching 5%. That's several times higher than the S&P 500 's average dividend yield of around 1.3%.
For further details see:
My Top High-Yield Dividend Stock to Buy in July (Income is Only Part of the Equation)