3 Stocks to Buy With Dividends Yielding More Than 4%

Smart dividend investors balance the desire for high yield against the need for safety and attractive business prospects in the dividend stocks they buy. It takes some effort, but there are ways that investors can get high yields and attractive characteristics in a single stock. Among solid picks for dividend investors, you'll find Enbridge (NYSE: ENB), Qualcomm (NASDAQ: QCOM), and Duke Energy (NYSE: DUK), all of which have dividend yields of more than 4% and solid prospects for the future.

The energy sector has been under pressure lately, but you'd be hard-pressed to tell from the way that Enbridge has performed. The Canadian pipeline company has been remarkably stable even as crude oil prices plunged in 2015, reflecting the ongoing need for midstream delivery services as long as production levels remained strong. Enbridge has amassed a huge hoard of backlogged business, with key strategic projects that will dramatically expand Canada's ability to export energy products from the middle of the country as well as seeking to boost U.S. transportation capacity as well.

For dividend investors, Enbridge has many attractive features. Not only does it yield 4.6% at current prices, but it has also given its investors higher payouts for 22 consecutive years. The recent acquisition of Spectra Energy further enhances the potential for growth in Enbridge's fundamental business, which could spur additional dividend growth in the future. Even if the company encounters some setbacks, Enbridge is taking full advantage of being in the right place at the right time in energy.

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Source: Fool.com