Why I've Backed the Truck and Loaded Up on These 3 High-Yield Dividend Stocks

As an income-focused investor, I'm always on the lookout for high-yield dividend stocks that can provide steady income and potential capital appreciation. In late 2024, I've found three stocks that have caught my attention, and I've decided to "back the truck" and "load up" on them. Here's why:

1. Ares Capital (ARCC) - Yield 8.65%
* Ares Capital is a business development company (BDC) that provides capital to middle-market businesses with revenue between $100 million and $1 billion.
* The company offers a juicy forward dividend yield of 8.65% and has delivered exceptional total returns over the long term.
* Ares Capital has a strong track record of increasing its dividend, with a 10-year dividend growth rate of 7.5%.
* The company's diversified portfolio and focus on middle-market businesses make it an attractive option for income investors.
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 offers a high forward dividend yield of 6.59% and has increased its distribution for an impressive 26 consecutive years.
* Enterprise Products Partners has a strong balance sheet and history of double-digit percentage returns on invested capital.
* The company's diversified portfolio of assets and exposure to the growing energy market make it an attractive choice for income investors.
3. Enbridge (ENB) - Yield 6.19%
* Enbridge is an energy infrastructure company that operates pipelines and natural gas utilities.
* The company offers a high forward dividend yield of 6.19% and has a strong track record of dividend growth, with a 10-year dividend growth rate of 7.5%.
* Enbridge has a diversified portfolio of assets and a strong balance sheet, with a low payout ratio of around 50%.
* The company's exposure to the growing energy market and stable cash flows make it an attractive option for income investors.



These three high-yield dividend stocks offer attractive income and growth potential. However, it's essential to do your own research and consider your risk tolerance before making any investment decisions. By "backing the truck" and "loading up" on these stocks, I aim to build a diversified portfolio of high-quality dividend stocks that can provide steady income and long-term growth.