4 Dividend Stocks Yielding 4% to Buy and Hold for a Potential Lifetime of Income
The current dividend yield on the S 500 is around 1.6%, well below its historical average of over 4%. Many stocks in that broad market index offer even lower dividend yields.
While that means income-focused investors have fewer appealing options these days, they do have some. Brookfield Renewable (NYSE: BEPC)(NYSE: BEP), Public Storage (NYSE: PSA), Southern Company (NYSE: SO), and Stag Industrial (NYSE: STAG) stand out for their above-average dividends. The quartet offers payouts above 4%. Even better, they should continue growing in the future. That makes them great options for investors seeking sustainable income streams.
Brookfield Renewable currently yields 4.8%. The renewable energy juggernaut generates very predictable cash flow by selling the emissions-free electricity it produces under long-term power purchase agreements to utilities and large corporations. Brookfield's contracts typically index rates to inflation, driving steady growth. The company estimates this factor will increase its funds from operations (FFO) per share by 2% to 3% per year.
Source Fool.com
Brookfield Corp. Stock
We see a rather positive sentiment for Brookfield Corp. with 16 Buy predictions and 1 Sell predictions.
However, we have a potential of -0.24% for Brookfield Corp. as the target price of 42 € is below the current price of 42.1 €.
