Consider Bank of Nova Scotia and Brookfield Renewable

Income investors are often drawn to stocks with high dividend yields. AGNC Investment, a mortgage real estate investment trust (REIT), currently offers an attractive yield of 14%. However, its history shows a troubling trend of declining dividends and stock prices. AGNC Investment has been paying a dividend since going public in 2008, but since 2013, the dividend has steadily decreased. Although the yield remains high, this situation has led to less income for investors over time. As a result, many long-term investors might find themselves better off with other options. Bank of Nova Scotia, a major Canadian bank, has paid dividends consistently since 1833. While it hasn't raised the dividend every year, it has generally increased it over the long term. In 2024, the bank focused on strengthening its operations in North America. With plans to increase its dividend again in 2025, it offers a solid yield of 6.1%. This makes it a strong alternative for income investors. Brookfield Renewable is another appealing option. It operates a diverse range of clean energy assets, including hydroelectric, solar, and wind. The partnership shares offer a yield of 6.5%, while the corporate shares yield 5.2%. Brookfield Renewable has consistently raised its dividend, showing a commitment to shareholder returns. Unlike AGNC Investment, its dividends have a more positive trajectory. Investors looking for reliable dividends may find AGNC Investment risky. Its volatile nature and uncertain income make it less appealing compared to Bank of Nova Scotia and Brookfield Renewable, both of which have a better track record and more stable outlooks for income generation.