2 No-Brainer High-Yield Utility Investments to Buy Right Now
Brookfield Renewable Partners L.P.(BEP) The Motley Fool·2024-11-30 23:00
The utility sector rallied strongly in 2024, with the average utility stock yield falling from around 3.6% to the current rate of around 2.8%. While that's still better than the 1.2% you would collect from the S&P 500 index, you can do much better.For example, even after a rally, Black Hills Corporation (BKH 0.20%) still yields roughly 4%. And Brookfield Renewable (BEP 0.17%) (BEPC -1.25%) is yielding as much as 5.6%. Here's why each one is a no-brainer buy for income investors.Black Hills is a simple growi ...