OTHER DIVIDEND TITLES SUITABLE FOR PORTFOLIO REPLENISHMENT
ENTERPRISE PRODUCT PARTNERS $EPD
- Enterprise Products Partners L.P. $EPD is a North American midstream giant with an attractive yield of 7.6%.
- Enterprise Products Partners $EPD has vital energy infrastructure, including power pipelines, storage, transmission and processing assets, making it a key player in the sector.
- Demand for natural gas and oil will remain strong through at least 2050, according to the Energy Information Administration (EIA) and the International Energy Agency (IEA).
- Projections include rapid growth in demand for clean energy, but oil and natural gas will still be vital to the global economy.
2. NEXTRA ENERGY
- NextEra Energy, a clean energy company, has been raising dividends regularly for more than a quarter century, with a compound annual growth rate of 11% over the past decade.
- With a yield of 3.3% and an annual dividend growth target of around 10% through this year, NextEra Energy is in a strong position to continue increasing its payout.
- NextEra Energy is considered an ideal dividend stock for lifetime income growth due to its focus on clean energy and long-term dividend growth success.
3. Brookfield Infrastructure Partners L.P.
- Brookfield Infrastructure Partners L.P. posted positive fourth quarter and full year 2023 results, with funds from operations (FFO) growth of 10%.
- Organic growth was 8%, and the company divested nearly $1.9 billion in assets to invest in new opportunities.
- Overall, 2023 was a solid year for the company and 2024 is expected to be even better.
- Brookfield Infrastructure regularly raises dividends; this month marks the 15th consecutive month of increases, with a 6% increase, in line with its long-term goal of increasing the dividend by 5% to 9% annually.
- Through a combination of dividend and yield growth, Brookfield Infrastructure is expected to regularly generate double-digit returns to shareholders.
- External factors such as falling interest rates are expected to be a catalyst for share price growth.
Are any of these companies of interest to you and would you consider including them in your portfolio?