3 Magnificent Dividend Stocks to Buy Hand Over Fist in March
Dividend stocks can be magnificent investments. Not only do they provide passive income, but they can also produce above-average total returns as they grow their earnings and shareholder payouts. Over the last 50 years, Dividend stocks have outperformed the average return of stocks in the S 500, and dividend growers in particular have delivered the best total returns.
Enbridge (NYSE: ENB), (NYSE: MPLX), and Devon Energy (NYSE: DVN) stand out to a few Fool.com contributors for their magnificent ability to pay and regularly hike their dividends. Here's why they think investors should buy them hand over fist this month.
Reuben Gregg Brewer (Enbridge): If you buy North American midstream giant Enbridge you have to accept one negative -- its dividend will likely provide the bulk of your returns on the investment. But given that it yields a huge 7.9% at the current share price, that's probably not going to bother income-oriented investors. And while its dividend growth isn't likely to be huge, it should track the company's distributable cash flow growth, which management expects to be around 3% to 5% over the longer term. That's enough to keep up with, if not exceed, average inflation over time. Basically, Enbridge is a slow and steady tortoise.
Source Fool.com
MPLX L.P. Stock
With 11 Buy predictions and not the single Sell prediction the community is currently very high on MPLX L.P..
With a target price of 42 € there is potential for a 256.84% increase which would mean more than doubling the current price of 11.77 € for MPLX L.P..
