EPD - Want Decades of Passive Income? 2 Stocks to Buy Now
2023-12-14 06:38:00 ET
If you are trying to build a portfolio around passive income stocks, you are probably looking for high-yield opportunities. Enbridge (NYSE: ENB) and Enterprise Products Partners (NYSE: EPD) will be attractive, given their 7.7% and 7.6% respective yields. The interesting thing here is that these yields aren't a symptom of high risk, because these are two of the most boring and reliable income investments you can find. Here's what you need to know.
Enbridge and Enterprise both own energy infrastructure. These are the assets that help to move oil and natural gas around the world, including pipelines , storage, processing, and transportation infrastructure. It would be hard, if not impossible, to replace the assets these companies own. In fact, they are two of the largest midstream companies in North America.
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Want Decades of Passive Income? 2 Stocks to Buy Now