3 Top Dividend Stocks I Can't Wait to Buy In May
I'm on a mission to eventually generate enough dividend income to cover my expenses. While I've got a lot of ground to cover, I'm making progress on my goal each month.
My core investment strategy is to invest in companies that pay higher-yielding dividends that they can steadily increase. I've found that many pipeline stocks deliver on both objectives. Three of my favorite passive income-producing pipeline companies are Energy Transfer (NYSE: ET), Enbridge (NYSE: ENB), and Kinder Morgan (NYSE: KMI). I can't wait to buy more of each this month to continue growing my future dividend income.
Energy Transfer currently offers a big-time income stream. The master limited partnership's (MLP) distribution yields an eye-popping 9.7%. While payouts that high are often a warning sign that a cut might be forthcoming, Energy Transfer expects its payout to continue rising.
Source Fool.com
MLP SE Stock
Our community is currently high on MLP SE with 3 Buy predictions and 0 Sell predictions.
As a result the target price of 10 € shows a very positive potential of 77.94% compared to the current price of 5.62 € for MLP SE.
