6 High Yielders That Are Going on Sale

While popular momentum favorites like biotechnology and big-tech stocks get all the attention, many regular investors are focused instead on dividend-rich areas of the market — think master limited partnerships, real estate investment trusts and utility stocks — for their dividend yields and (relative) stability. Unfortunately, valuations have been wiped out here over the past three weeks while U.S. Treasury yields have been pushing higher. On the surface, this is curious: Odds of a September interest rate hike from the Federal Reserve have been dropping amid market turmoil.

In response, here are six utility stocks with yields between 3.5% and 5.5% that are under heavy pressure, at risk of falling under multiyear support levels (if they haven’t already): American Electric Power (AEP), CenterPoint Energy (CNP), Exelon (EXC), Public Service Enterprise (PEG), Public Service Enterprise (PEG) and Southern Co. (SO).

Source: InvestorPlace

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