3 Dividend Stock Picks Yielding Up To 6.6%
Monday, Jan 13, 2025 6:24 pm ET
3min read As investors seek income and stability in the current market environment, dividend stocks remain an attractive option. These companies offer high yields and the potential for long-term growth. Here are three dividend stocks yielding up to 6.6% that investors may want to consider.
1. Enbridge (ENB) - Yield: 6.6%
Enbridge is a leading energy infrastructure company that operates pipelines and natural gas utilities. The company's diversified portfolio of assets generates relatively stable cash flow, supporting its growing dividend. Enbridge has increased its dividend for 25 consecutive years, demonstrating its commitment to returning capital to shareholders. The company's organic growth drivers, such as inflation-linked rate increases, volume growth, and expansion projects, should continue to drive dividend growth in the coming years.
2. Enterprise Products Partners (EPD) - Yield: 6.59%
Enterprise Products Partners is a midstream energy company that operates pipelines, natural gas processing facilities, and more. The company's diversified portfolio of assets generates stable cash flow, enabling it to maintain a high dividend yield. Enterprise Products Partners has increased its distribution for an impressive 26 consecutive years, demonstrating its commitment to returning capital to shareholders. The company's strong balance sheet and history of double-digit percentage returns on invested capital make it an attractive option for income-focused investors.
3. Crown Castle (CCI) - Yield: 6.1%
Crown Castle is a leading provider of wireless infrastructure, operating over 40,000 towers and small cells across the United States. The company's wireless infrastructure business generates stable cash flow, supporting its high dividend yield. Crown Castle has increased its dividend for 17 consecutive years, demonstrating its commitment to returning capital to shareholders. The company's growth prospects are driven by the increasing demand for wireless connectivity and the deployment of 5G networks.
Investors should consider these three dividend stocks as they offer high yields and the potential for long-term growth. However, it is essential to conduct thorough research and consider the sustainability of the dividends and the overall quality of the companies before making any investment decisions. Additionally, investors should diversify their portfolios across multiple sectors and companies to mitigate risks.
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