3 Stocks to Buy With Dividends Yielding More Than 5%

3 Stocks to Buy With Dividends Yielding More Than 5%

With the broader market yielding a paltry 2% or so, finding 5% and higher yields is harder than you might think. That's especially true if you want to find companies that regularly grow their distributions over time, helping your income outpace the scourge of inflation. One sector that is filled with solid options, however, is midstream oil and natural gas. It's where you'll find Enterprise Products Partners L.P. (NYSE: EPD), Magellan Midstream Partners, L.P. (NYSE: MMP), and ONEOK, Inc. (NYSE: OKE), three stocks with 5% or more yields that you just might want to buy.

Enterprise has a market cap of nearly $57 billion. It is by far one of the largest players in the midstream space, helping to move oil and natural gas from where it is drilled to where it gets processed and then to where it gets used. Enterprise has one of the most diverse portfolios of fee-based assets as well, consisting of pipelines, processing facilities, terminals, storage, and a fleet of ships.  

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Source: Fool.com