2 Dividend Stocks to Buy and Hold Through 2030
Dividend stocks are a great choice for investors looking for a regular income stream. The best dividend stocks offer a growing payout in addition to price returns stemming from a rise in stock prices. While investing in dividend stocks, it is important to select stocks that can generate regular income for the long term; think decades, not months. The best approach is to go for time-tested companies with sustainable growth prospects. Here are two dividend stocks that have the potential to generate growing dividends through 2030, and beyond.
Enterprise Products Partners (NYSE: EPD) is a top midstream energy company involved in the transport, storage, and processing of oil, gas, and refined products. As the company isn't involved in the exploration and production of oil and gas, its earnings are not as directly tied to commodity prices as those of oil and gas producing companies. Enterprise Products earns a fee for transport, storage, processing, and other services performed for its customers.
The key factor that differentiates Enterprise Products from other energy companies is its financial discipline. The company's debt-to-EBITDA ratio of 3.7 is one of the lowest among its peers. This discipline allowed it to raise its distributions (think dividends that MLPs pay) for more than 21 consecutive years.
Source Fool.com
