3 Ultra High-Yield Dividend Stocks Down 22% to 73% to Buy on the Dip
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 500's 1.6% dividend yield.
Source Fool.com
Brookfield Corp. Stock
We see a rather positive sentiment for Brookfield Corp. with 14 Buy predictions and 1 Sell predictions.
As a result the target price of 42 € shows a slightly positive potential of 7.97% compared to the current price of 38.9 € for Brookfield Corp..
