"10 High-Yield Dividend Stocks to Hold for Steady Income in 2023"

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Source: The Motley Fool
"10 High-Yield Dividend Stocks to Hold for Steady Income in 2023"
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TL;DR Summary

Enterprise Products Partners and Enbridge, both midstream companies in the energy sector, are considered reliable dividend stocks. These companies own the infrastructure, such as pipelines and energy storage assets, that transport oil and natural gas from production to consumption. Despite the volatility of energy commodities, the demand for energy remains resilient, providing consistent cash flows for these companies. Enterprise has a 7.5% distribution yield and has increased its dividend annually for 24 years, while Enbridge has a 7.1% yield and has increased its dividend annually for 28 years. Although growth prospects for the industry are modest, these high-yield investments can still generate significant income for investors.

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