BIPC - These 3 Dividend Stocks Are Your Answer to the Banking Industry's Financial Woes
2023-04-23 10:15:00 ET
Big blowups have besieged the banking sector over the past few months. Several banks have gone under, while many remain at risk for failure. Because of that, some banks have already cut their dividends, while many others seem to be on shaky ground.
That instability likely has many income-seeking investors looking elsewhere for dividends these days. Enterprise Products Partners (NYSE: EPD) , Brookfield Infrastructure (NYSE: BIPC) (NYSE: BIP) , and NextEra Energy Partners (NYSE: NEP) are three rock-solid dividend stocks that investors concerned about the banking sector should consider. Here's why they stand out to a few Fool.com contributors as income shelters during the banking sector's storm.
Reuben Gregg Brewer (Enterprise Products Partners): Demand is king in the midstream sector, where Enterprise Products Partners is among the largest players in North America. Even though commodity prices are highly cyclical , demand tends to remain fairly robust throughout the energy cycle.
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These 3 Dividend Stocks Are Your Answer to the Banking Industry's Financial Woes