EPD - 3 Surefire Dividend Stocks That'll Help You Build Wealth
2023-03-18 09:08:00 ET
Investing in dividend-paying stocks is one of the more reliable ways to grow wealth. Dividend stocks outperformed non-dividend payers by a 2-to-1 ratio over the last several decades. According to data from Hartford Funds and Ned Davis Research, dividend stocks managed 9.6% average annualized total returns since 1973 compared to a 4.8% return for those that don't pay dividends. The best returns tend to come from dividend growers and initiators (10.7% average annual total return).
Three companies with long track records of growing their dividends and generating returns for investors are Enterprise Products Partners (NYSE: EPD) , Brookfield Infrastructure (NYSE: BIPC) (NYSE: BIP) , and Brookfield Renewable (NYSE: BEPC) (NYSE: BEP) . With more dividend growth likely, they stand out for these three Fool.com contributors as surefire stocks to grow your wealth in the future.
Reuben Gregg Brewer (Enterprise Products Partners): Investing in oil and natural gas drillers can be exciting, thanks largely to the massive price swings this commodity can experience. Investing in companies that move oil and natural gas from where it is drilled to where it gets consumed is comparatively boring. Enterprise Products Partners is one of the largest midstream players in North America with a collection of energy infrastructure operations that helps move oil and natural gas around the world. Fees drive its top line, allowing the master limited partnership (MLP) to avoid the ups and downs of energy prices.
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3 Surefire Dividend Stocks That'll Help You Build Wealth