Shares of Brookfield Renewable, Realty Income, and Main Street Capital have fallen sharply from their 52-week highs, pushing their dividend yields to attractive levels. Brookfield Renewable's yield has risen to nearly 4.5% after a nearly 20% decline, while it expects to grow its payout at a 5% to 9% annual rate and its cash flow by more than 10% annually through at least 2031. Realty Income's yield has climbed above 5% following a more than 5% dip, and the REIT has formed private capital partnerships including a more than $1.5 billion programmatic joint venture with GIC and a data center joint venture with up to $1.4 billion in equity commitments. Main Street Capital's yield has spiked over 8.5% after a nearly 25% tumble, with its loan portfolio in excellent shape and minimal exposure to the troubled software sector at 2% of its portfolio. The author argues these dips are buying opportunities to lock in higher yields and position for a recovery.
Main Street Capital CorporationArticle recommends buying Main Street Capital after a 25% drop, citing high yield and strong loan portfolio.
Brookfield Renewable Partners LP
Brookfield Renewable Corp
Realty Income Corporation