ENB - 3 High-Yield Dividend Stocks to Buy Before the End of the Year
2023-12-19 05:02:00 ET
If you'd like to earn more dividend income in 2024, you've come to the right place. The following three companies are slated to deliver steadily growing streams of passive income to their investors in the years ahead.
Even as the world shifts toward renewable power, the need for oil and natural gas is expected to persist for decades to come. Enbridge (NYSE: ENB) builds and operates vital infrastructure that connects its customers to these dependable and cost-effective energy sources.
Enbridge's pipelines move roughly 40% of the crude oil imported by the U.S. and 20% of the natural gas used in the country. The revenue generated from these indispensable assets is secured by regulated cost-of-service agreements that permit Enbridge to earn reliable profits across economic cycles. That energy giant, in turn, can easily afford to pay a hefty cash distribution -- which currently yields a whopping 7.6% -- to its investors.
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3 High-Yield Dividend Stocks to Buy Before the End of the Year