3 High-Yield Dividend Stocks You Need To Buy Now

Dividend stocks offer investors reliability and steady income. Plus, high-yield dividend stocks tend to hold up better than other stocks during turbulent times. And stocks with high dividend yields are especially advantageous when interest rates are falling (like they are right now).

With that in mind, we've put together a list of three of the best high-yield dividend stock options out there. All three of these high-paying dividend stocks have yields of 4% or better. They also have plenty of room for growth, allowing you to benefit from both capital gains and the high dividend yield.

Stocks like these could deliver returns to help you grow richer year after year.

So let's get right to it. Here are the best high-yield dividend stocks for your portfolio…

Best High-Yield Dividend Stocks, No. 3: Algonquin Power & Utilities Corp. (4.01%)

Alternative energy is in a major growth phase. According to the Center for Climate and Energy Solutions, renewable energy in the United States is expected to jump from a 17.1% share in 2018 to a 24% share by 2020.

Not only are renewable energy sources such as hydroelectric, wind, geothermal, and solar cleaner and more efficient than fossil fuels, they are now often cheaper too.

In a 2018 bidding round, for example, Xcel Energy Inc. (NASDAQ: XEL) found that it was cheaper to build new solar and wind plants than keeping existing coal plants running in 74% of the country.

A great pick to capitalize on the renewable energy revolution is Algonquin Power & Utilities Corp. (NYSE: AQN), which has a diversified portfolio including hydroelectric, wind, geothermal, and solar energy facilities.

Through its subsidiaries, Liberty Power and Liberty Utilities, AQN covers both power generation and utility distribution.

On the energy production side, Algonquin runs 35 energy production facilities, including…

  • 200-MW wind farms in both Minnesota and Illinois, each of which can power nearly 80,000 homes
  • A 70-MW facility in Windsor Locks, Conn., that combines natural gas and geothermal energy
  • A 20-MW solar farm in Bakersfield, Calif., consisting of 80,000 photovoltaic cells and contracted to run through 2035
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Disclosure: None.

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