Picking stocks is easy. Picking stocks that are smart choices, though, is more challenging. And doing so with a limited amount of cash to invest makes it even harder.

All of that is true, even with dividend stocks. It's not advisable to merely scoop up any stock with a high yield and a low share price. But there are good opportunities to be found. Here are my picks for the smartest dividend stocks to buy with $400 right now.

You can buy four shares of Brookfield Renewable (NYSE: BEP) (NYSE: BEPC) for less than $130. I believe it's an investment that will pay off nicely over the long term.

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Source Fool.com