Why I Just Bought More of These Top High-Yield Dividend Stocks and Plan to Add Even More in August
My primary financial goal is to get into a position where I can retire early. It's not that I don't want to work; I just don't want the pressure of having to earn income to support my family. My strategy is to grow my passive income to the point where it covers my recurring expenses.
I make strides toward that goal each month by investing in passive income-generating vehicles. High-yield dividend stocks are a big part of that strategy. Two of my favorite income-producing stocks are Enbridge (NYSE: ENB) and Brookfield Infrastructure (NYSE: BIPC)(NYSE: BIP). Here's why I bought more of each in July and plan to continue adding to my positions in August.
Enbridge offers a high-octane income stream. The Canadian pipeline and utility company's payout currently yields more than 7%. That's several times higher than the dividend yield of the S 500 of around 1.3%.
Source Fool.com
Brookfield Corp. Stock
With 16 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
On the other hand, the target price of 42 € is below the current price of 42.3 € for Brookfield Corp., so the potential is actually -0.71%.
