3 No-Brainer High-Yield Stocks to Buy With $1,000 Right Now

Core Viewpoint - The S&P 500 index currently offers a low yield of approximately 1.3%, prompting investors to consider high-yield stocks such as Enbridge, WEC Energy, and Brookfield Renewable for better returns [1] Enbridge - Enbridge has increased its dividend for 29 consecutive years, supported by an investment-grade-rated balance sheet and a distributable-cash-flow payout ratio within the management's target of 60% to 70% [2] - The current dividend yield for Enbridge is 7.4%, which is expected to be the primary source of returns, with modest growth anticipated over time [2][5] - The company primarily generates revenue from its pipelines, which account for about 75% of its EBITDA, ensuring consistent cash flows [5] WEC Energy - WEC Energy offers a dividend yield of 4.1%, significantly above the utility industry average of approximately 3.2% [3] - The company has a history of increasing its dividend for 21 years at an annualized rate of 7%, which is double the historical growth rate of inflation, enhancing the buying power of its dividends [6] - Management projects earnings growth of 6.5% to 7% through at least 2028, indicating that dividend growth will likely align with earnings growth [3] Brookfield Renewable - Brookfield Renewable offers a yield of 5.4% for partnership units and 4.7% for corporate shares, focusing on the clean energy sector [7] - The company is positioned to benefit from the long-term transition from carbon-based power to renewable energy sources, suggesting significant growth potential [7] - Brookfield Renewable operates like an investment company, actively buying and selling assets, which allows smaller investors to participate in its deals [4] Summary of Investment Opportunities - Enbridge, WEC Energy, and Brookfield Renewable all provide above-market yields and robust business models, making them attractive options for investors seeking reliable dividend income [8]