2 No-Brainer High-Yield Dividend Stocks to Buy Right Now for Less Than $200
Investing in high-yield dividend stocks is an easy way to turn idle cash sitting in your portfolio into a lucrative income stream. High-quality income producers can provide you with a steadily rising stream of dividend income.
Pipeline giants Enbridge (NYSE: ENB) and Enterprise Products Partners (NYSE: EPD) are no-brainers among high-yield dividend stocks. They have superior track records of increasing their already sizable payouts. With low share prices, they're ideal for those with less than $200 to invest right now.
Canadian pipeline and utility operator Enbridge has a forward dividend yield approaching 7.5%. That implies you can earn nearly $7.50 of annual dividend income for every $100 invested in the energy infrastructure company. While U.S. investors are subject to a 15% withholding tax (unless held in an individual retirement account, or IRA), they'd likely pay dividend taxes anyway for companies owned in a regular brokerage account.
Source Fool.com
