Look at us, as actor Paul Rudd might say. Indeed, the Dow Jones Industrial Average (DJIA) is on track for its best month since March when it rose 6.62%, FactSet data show. The S&P 500 (SPX) is off 1.45% from its record high at 4,536.95 and the Nasdaq Composite (COMP) is 3.1% of from its Sept. 7 all-time high finish at 15,374.33.
Two dividend stocks that currently stand out are Brookfield Renewable (NYSE: BEP)(NYSE: BEPC) and Realty Income (NYSE: O). Brookfield Renewable is one of the world's largest renewable energy companies. Brookfield sells the power it generates under long-term, fixed-rate power purchase agreements, enabling it to produce a steady stream of cash flow.
This investment alone would provide diversification and a good chance at earning a reasonable return.