The stock market rallied in the last month, as the United States elected Donald Trump as the 45th President of the United States. High-yield dividend stocks are a safe bet, as the market’s rally is bound to end.
Dividend stocks offer better yields than bonds, and they don’t have to be expensive either.
Three dividend stocks to consider going into the final month of the year are:
1. Brookfield Renewable Partners (BEP)
Brookfield Renewable offers a 5.9% dividend yield, and the company’s future is bright. The company maintains long-term contracts to solidify their payout, and its pipeline is expected to offer 5% – 9% annual cashflow growth.
The company’s latest earnings report disappointed, with a $19 million loss in net income and a loss of $0.12 per share.
The company invested heavily in renewables, with an increase of 2,530 GWh of generation compared to a year prior. The company ended the September quarter with 7,522 GWh of generation. The company acquired 3,000 MW of hydroelectric assets in 2016, which is expected to fuel future growth.
2. The Dow Chemical Company (DOW)
Dow Chemical is a diverse company that has business segments in energy, automotive, agriculture and several other markets. The company’s performance over the past five years led to 60% free cash flow growth and almost triple net income.
The company posted its 16th straight quarter of year-over-year growth.
Dow offers a 3.5% quarterly dividend that reached $0.46 in September. The company will support green initiatives in China, which will further boost the company’s bottom line.
3. HCP, Inc. (HCP)
HCP is a healthcare REIT. The stock failed to meet Wall Street expectations, making it a bargain dividend stock. The company reacted with a $1.125 billion sale of 64 communities to reduce outstanding debt.
HCP’s dividend is near 5% for the coming year, and the last dividend payout was $0.37.
An aging population is a bright spot for HCP and almost guarantees future growth.
