Dividend Investing Ideas Center
Have you ever wished for the safety of bonds, but the return potential...
It’s no secret that infrastructure is a hot topic these days! With various stimulus plans approved and, in the works, investors have flocked to infrastructure-related stocks. But it’s not just about the build-out. Owners of these assets are great buys too- and that includes our latest pick in our Best High Dividend Stocks Model Portfolio pick!
Our pick owns and operates both water and power generation assets and supplies more than over 1 million customers in North America. The key for our pick is that it’s nearly 100% focused on renewable energy, with solar, geothermal, wind, and hydro-electric power under its belt. The subsidies/tax breaks that come along with these renewable assets ensures strong cash flow generation.
Better still, thanks to our pick’s long history and “YieldCo” operation structure, it passes much of its stable cash flows back into investors’ hands. This gives our pick a juicy 4.4% yield. With the stock going ex-dividend on Thursday, June 30 (estimated date), it could be an optimal pick to add or increase your position in the stock.
To make room for this power producer stock, we had to remove a propane supplier from our list this week.
You can check out the Best High Dividend Stocks Model Portfolio to explore all the stocks.