Top 7% Plus Dividend Stocks in 2021

Top 7% Plus Dividend Stocks in 2021

At Dividend Income Streams we like putting our capital to work by investing in dividend producing stocks. Sometimes investors are blinded by extraordinary dividend yields and make poor decisions. Sometimes the largest forward dividend yield isn’t the safest and can be a red flag that the company is paying to much of its earnings in the form of dividends to its shareholders. At Dividend Income Streams we put together three of our favorite 7% plus dividend stocks in 2021 with established track records of paying dividends.

Enterprise Products Partners (EPD)

  • Provides midstream energy services to producers and consumers of:
    • natural gas
    • natural gas liquids (NGLs)
    • crude oil
    • petrochemicals
    • refined products
  • As of 6/7/21
    • Market cap of $53.41 billion
    • Share Price of $24.70
    • Distribution of $1.80 per share
    • Quarterly distribution payer
    • Forward Dividend Yield of 7.36%
    • 22 years of consecutive dividend increases

Enbridge (ENB)

  • An energy infrastructure company operating through five segments:
    • Liquids Pipelines
    • Gas Transmission and Midstream
    • Gas Distribution and Storage
    • Renewable Power Generation
    • Energy Services
  • As of 6/7/21
    • Market cap of $79.83 billion
    • Share Price of $39.06
    • Dividend of $2.77 per share
    • Quarterly dividend payer
    • Forward Dividend Yield of 7.09%
    • 26 years of consecutive dividend increases

Omega Healthcare Investors (OHI)

  • Invests in long-term healthcare industry across Skilled Nursing Facilities and Assisted Living Facilities
  • As of 6/7/21
    • Market cap of $8.90 billion
    • Share Price of $37.84
    • Dividend of $2.68 per share
    • Quarterly dividend payer
    • Forward Dividend Yield of 7.01%
    • 17 years of consecutive dividend increases

Dividend Stocks in 2021 haven’t been the most exciting investments coming off of 2020 which was fueled by tech growth stocks while 2021 has seen countless headlines around what are considered meme stocks. At Dividend Income Streams we love the idea of investing capital in individual equities or a fund that generates a dividend and setting them on DRIP which is the acronym of dividend reinvestment plan. DRIP allows investors to reinvest their dividends back into the company and purchase additional or fractional shares of the underlying asset. We believe there are dividend stocks in 2021 providing excellent long-term opportunities for investors. EPD, ENB, and OHI are three of our favorite 7% plus yielding dividend opportunities.

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