Clearway Energy, Inc. Class C Stock News

The dividend yield on the average stock has fallen over the past year due to the surge in the stock market. For example, the S&P 500's dividend yield has declined from 1.6% a year ago to around 1.2% these days, which is near its lowest level in over 20 years.

The Federal Reserve's slower-than-expected rate cuts led to a market sell-off, hitting high-yield stocks hard, but also creating buying opportunities. However, not all high-yielding dividend growth stocks that have pulled back in price are buys right now. I share one to avoid and two to buy.

One of the most dynamic growth sectors in the market has recently pulled back sharply. I think the dip will be short-lived for the most quality companies in that sector. I share my top two picks in the sector.

Short-term interest rates are still high enough for you to get a yield of more than 4% on a savings account. But stocks with attractive dividend yields might also be appropriate for you, depending on your investment goals.

Clearway Energy (CWEN 3.21%) (CWEN.A 3.44%) offers investors a high-yielding dividend currently approaching 6%. That's multiples higher than the S&P 500 's (^GSPC 0.57%) dividend yield, which is near a 20-year low at around 1.2%.

PRINCETON, N.J., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) (“Company”) today announced that it has entered into a binding agreement to acquire the operational Tuolumne Wind Project from Turlock Irrigation District.

The energy industry has reached a major inflection point. It was already slowly transitioning to cleaner energy sources to combat the potentially worse impacts of climate change.

Got $5,000? These 5 High-Yield Dividend Stocks Could Turn It Into More than $330 of Annual Passive Income.