3 Top Dividend Stocks to Buy in March
If you are looking for reliable dividend payers with high yields as March gets underway, then you'll want to get to know Enterprise Products Partners (NYSE: EPD), Chevron (NYSE: CVX), and Enbridge (NYSE: ENB). With yields of up to 6.4% backed by decades of annual increases, all three of these investment opportunities are highly compelling. In fact, you might end up wanting to buy all of them once you dig into the numbers. Here's why.Enterprise Products Partners is a North American midstream giant. It basically owns the pipeline, storage, processing, and transportation assets that help to move oil and natural gas around the world. The key is that it charges fees for the use of its assets, so the volatile prices of the commodities it transports are less important than the demand for those commodities to Enterprise's top and bottom lines. Demand for energy tends to remain high in both good markets and bad.This is how Enterprise has managed to increase its distribution annually for 26 consecutive years. The distribution, meanwhile, is covered 1.7 times over by the master limited partnership's (MLP's) distributable cash flow. And it has an investment grade-rated balance sheet. In other words, a lot would have to go wrong before the distribution would be at risk of a cut. That's the story that backs this 6.4% yield.Continue reading
If you are looking for reliable dividend payers with high yields as March gets underway, then you'll want to get to know Enterprise Products Partners (NYSE: EPD), Chevron (NYSE: CVX), and Enbridge (NYSE: ENB). With yields of up to 6.4% backed by decades of annual increases, all three of these investment opportunities are highly compelling. In fact, you might end up wanting to buy all of them once you dig into the numbers. Here's why.
Enterprise Products Partners is a North American midstream giant. It basically owns the pipeline, storage, processing, and transportation assets that help to move oil and natural gas around the world. The key is that it charges fees for the use of its assets, so the volatile prices of the commodities it transports are less important than the demand for those commodities to Enterprise's top and bottom lines. Demand for energy tends to remain high in both good markets and bad.
This is how Enterprise has managed to increase its distribution annually for 26 consecutive years. The distribution, meanwhile, is covered 1.7 times over by the master limited partnership's (MLP's) distributable cash flow. And it has an investment grade-rated balance sheet. In other words, a lot would have to go wrong before the distribution would be at risk of a cut. That's the story that backs this 6.4% yield.
