KMI - These 2 High-Yielding Dividend Stocks Are Planning to Send Their Investors Even More Cash in 2024
2023-12-07 05:31:00 ET
Dividend stocks are a great way to generate some passive investment income. What often makes dividend payments better than interest income from bonds or bank CDs is that many companies increase their payouts each year. That enables investors to collect a rising income stream that can help offset inflation.
Enbridge (NYSE: ENB) and Kinder Morgan (NYSE: KMI) recently revealed plans to give their investors a raise next year. The energy infrastructure companies already offer above-average payouts that will become even more attractive in 2024. That will make them even better investments for income-seeking investors.
Enbridge recently announced its financial guidance for 2024 . The Canadian pipeline and utility behemoth expects to deliver 4% growth in its adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ). Meanwhile, it sees its distributable cash flow (DCF) rising by 3%. The company is benefiting from growth across its legacy assets, new project completions, and recent acquisitions.
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These 2 High-Yielding Dividend Stocks Are Planning to Send Their Investors Even More Cash in 2024