BIPC - 2 No-Brainer Dividend Stocks to Buy Right Now for Less Than $200
2024-03-11 05:28:00 ET
Investing a little money in dividend-paying stocks can really add up over time. The best ones can supply you with a steadily growing income stream and solid price appreciation. Further, because most brokers don't charge commission, you can easily buy a share or two whenever you have cash to spare.
Enbridge (NYSE: ENB) and Brookfield Infrastructure (NYSE: BIPC) (NYSE: BIP) are no-brainer buys for those with less than $200 to invest right now. Here's why they could turn that relatively small sum into a much bigger payday in the coming years.
Enbridge has done an excellent job growing value for its shareholders. The Canadian pipeline and utility company has delivered an 11.2% average annual total return over the last 20 years. That has outperformed the S&P 500 (9.7%) and its peers in the utility (8%) and midstream (7.7%) sectors. At that rate, it would have grown a $200 investment into nearly $1,700 (compared to almost $1,400 for an S&P 500 index fund).
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2 No-Brainer Dividend Stocks to Buy Right Now for Less Than $200