3 Dividend Stocks That Should Pay You the Rest of Your Life
Dividends provide you with cash from your investments, so you don't have to sell those investments to generate the cash you need to live. It's why investors love dividends so much and why you need to make sure the stocks you buy have what it takes to keep paying through good markets and bad. Here are three high-yield stocks that have proven their dividend credentials over time, and you may want to consider them for your portfolio.
Canada's Enbridge (NYSE: ENB) is offering a historically high dividend yield of 6.9%. The dividend has been increased annually for more than 25 years, putting the company in Dividend Aristocrat territory. Notably, the dividend was increased in 2020 despite the steep decline in oil prices that year, thanks to COVID-19-related volatility.
That brings up an important nuance. Enbridge is a midstream company, providing assets that help move oil and natural gas around the world, and it generally gets paid for the use of its assets. Thus, the price of oil and natural gas is much less important than its demand. Demand declined in 2020, but not by a massive amount and not enough to derail Enbridge or its dividend.
Source Fool.com
