1 Top-Tier High-Yield Stock to Buy in January

2018 was the best of times and then the worst of times for investors as the stock market surged and then crashed. That late swoon took nearly every stock with it. However, as with most challenges, they also bring opportunities. In this case, one of the side effects of lower stock prices is that dividend yields rose. Consequently, income-focused investors can lock in some attractive income streams these days.

One such opportunity is hydropower generating giant Brookfield Renewable Partners (NYSE:BEP), which lost roughly 30% of its value during 2018. That's an aberration for a company that has delivered an average annual total return of 15% throughout its history. Because of that, and a 5% distribution increase in February, its yield has risen from around 5% to about 8%. Given its top-notch financial profile and visible growth prospects, it's an excellent company for yield-seeking investors to buy this month.

Source: Motley Fool

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