3 High-Yield Dividend Stocks I Can't Wait to Buy in June to Boost My Passive Income

My long-term financial goal is to generate enough passive income to cover my basic living expenses. Reaching that level of financial freedom would relieve some pressure and give me more flexibility.

A core aspect of my strategy is investing in high-yielding dividend stocks . I focus on companies that pay well-supported dividends that should grow in the future. Three of my favorites are Brookfield Infrastructure (NYSE: BIPC) (NYSE: BIP) , Brookfield Renewable (NYSE: BEPC) (NYSE: BEP) , and W.P. Carey (NYSE: WPC) . Here's why I can't wait to buy more of each one this June.

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Brookfield Infrastructure operates a globally diversified portfolio of crucial economic infrastructure across the utility, midstream, transport, and data sectors. The company's assets include pipelines, electricity transmission lines, toll roads, telecom towers, and data centers. These assets generate very stable, steadily rising cash flows, supported by long-term contracts and government-regulated rate structures with built-in inflation escalators (85% of its funds from operations, or FFO, in 2026).

The company aims to pay out between 60% and 70% of its stable cash flows as dividends (it currently yields more than 4%). Brookfield retains the rest to reinvest in growing its operations. The company also has a strong investment-grade balance sheet to support its dividend and growth. Additionally, Brookfield routinely recycles capital by selling mature assets to fund higher-returning new investments. It focuses on investing in infrastructure benefiting from global megatrends, including digitalization, decarbonization, and deglobalization.

Brookfield's organic growth drivers (inflation-linked rate increases, volume growth as the global economy expands, and expansion projects) should support 6% to 9% annual FFO per share growth. Meanwhile, acquisitions funded through its capital recycling initiatives should boost its growth rate above 10% annually. That supports the company's plan to grow its dividend by 5% to 9% per year. Brookfield has increased its payout every year since its formation 17 years ago, growing it at a 9% compound annual rate.

Brookfield Renewable is the renewable energy -focused sibling of Brookfield Infrastructure. It operates one of the world's largest publicly traded renewable power and sustainable solutions platforms. Brookfield Renewable generates stable and growing cash flows backed by long-term contracts (90% of its FFO) that link rates to inflation (70% of its revenue). The company's stable cash flows support its nearly 4%-yielding dividend.

Inflation-linked rate increases, margin enhancement activities, and development projects should power 8% to 13% annual FFO per share growth over the next five years. Brookfield is currently ramping up its development activities to support surging demand for power by AI data centers and other drivers. Additionally, Brookfield routinely recycles capital to make value-enhancing acquisitions. That drives its view that it can grow FFO per share by more than 10% annually through 2031.