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The article recommends ExxonMobil and Brookfield Renewable as reliable high-yield dividend stocks for income-seeking investors. ExxonMobil, a major integrated energy company, has raised dividends for 43 consecutive years and trades at a cheap valuation with a 2.5% yield. Brookfield Renewable, a renewable energy company with long-term contracts with tech giants, offers a 4.8% yield and aims for 5%-9% annual dividend growth.
BlackRock is launching target-date mutual funds through Great Gray Trust that will allocate 5-20% of assets to private investments, offering 401(k) plan participants exposure to privately held businesses. The move aims to provide better diversification and potentially higher returns (about 50 basis points annually more than stocks) as the stock market becomes increasingly concentrated in large-cap and technology stocks.
The author argues against investing in NuScale Power despite its promising small modular reactor technology, citing its speculative nature and lack of near-term revenue generation. Instead, he recommends Brookfield Renewable, which offers established operations, meaningful current profits, visible growth through 2031, and indirect nuclear exposure via its 51% stake in Westinghouse Electric.
JP Morgan analyst Mark Strouse maintains Brookfield Renewable (NYSE:BEPC) with a Neutral and lowers the price target from $38 to $36.