My No.1 High-Yield Stock for 2019 Has Returned 53% This Year
About this time last year, I unveiled my No. 1 pick for yield-focused investors to buy in 2019. I selected global infrastructure giant Brookfield Infrastructure Partners (NYSE: BIP) because it slumped in 2018 after the market sold off and its growth engine stalled out, which pushed its dividend yield up to an attractive 5.3% at the time.
I firmly believed that Brookfield would increase that high-yielding payout once again. I also thought that the company's value would bounce back because it had secured several needle-moving investment opportunities that would boost its cash flow. In my estimation, I saw the potential for it to generate a 25% total return.
Brookfield, however, has vastly exceeded my expectations, producing a 53% total return through mid-December, which significantly outpaced the red-hot S&P 500's nearly 29% total return during that timeframe. Here's what went right for the infrastructure company this year and whether it has enough fuel to continue generating high-octane returns in 2020.
Source Fool.com
