The stock market has been hitting record highs this year, leaving fewer bargains for investors. However, there are still a few stocks that stand out as great deals, including American Water Works (NYSE: AWK), Enbridge (NYSE: ENB), and Clearway Energy (NYSE: CWEN, NYSE: CWEN.A). These companies offer compelling investment potential, especially in terms of dividends. It’s important for investors to act fast and consider scooping up these dividend stocks before they become too expensive.
American Water Works, for example, may have a dividend yield of just over 2%, but its steady dividend growth backed by earnings and cash-flow growth has tripled investors’ money in the last 10 years. The company’s stable business model, long-term financial goals, and consistent investment in infrastructure make it an attractive option for income investors.
Enbridge, often considered a midstream company, has a diverse business model that includes oil and natural gas pipelines, natural gas utilities, and renewable power. With a dividend yield of 6.8%, underpinned by an investment-grade balance sheet, Enbridge has a history of increasing dividends annually. As the world shifts towards cleaner energy alternatives, Enbridge’s focus on providing essential energy needs positions it well for long-term growth.
Clearway Energy, despite a recent sell-off triggered by rising interest rates, offers a dividend yield of nearly 6%. However, with expectations of interest rate cuts on the horizon, the stock price and dividend yield may soon see a favorable shift. Clearway’s capital recycling strategy, commitment to renewable energy investments, and plans for dividend growth indicate a strong potential for total return in the coming years.
At Extreme Investor Network, we believe that seizing opportunities in high-quality dividend stocks like these can lead to long-term wealth accumulation and financial security. By keeping a close eye on market trends and strategic investment opportunities, investors can position themselves for success in a changing financial landscape.
Investing in dividend stocks like American Water Works, Enbridge, and Clearway Energy before they become too expensive could be a prudent move for investors seeking stable returns and long-term growth potential. Stay ahead of the curve with Extreme Investor Network for expert insights and recommendations on maximizing your investment portfolio.