Looking for Decades of Passive Income? 2 High-Yield Stocks to Buy Now
If you are a dividend investor looking to create a reliable stream of passive income, you have to consider far more than just a company's dividend yield. You have to examine the business that backs that dividend to make sure it can survive for decades into the future. Two high-yield stocks that look like they can do just that, and pay you well for sticking around, are Enbridge (NYSE: ENB) and Black Hills Corporation (NYSE: BKH). Here's what you need to know.
Enbridge is one of the largest midstream companies in North America. It owns a massive portfolio of energy infrastructure, which would be virtually impossible to replace or displace. It largely charges fees for the use of its assets, generating reliable cash flows even when energy prices are weak. It also owns a natural gas utility business and renewable power assets, including offshore wind farms in Europe. This diversification is purposeful, as the company is working to adjust its portfolio along with the shifts taking place in global energy markets.
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Source Fool.com
