3 High-Yield Dividend Stocks You Can Buy and Hold for a Decade @themotleyfool #stocks $WPC $VZ $ENB

Sep 13, 2024 at 10:00 AM

Unlock Reliable Dividends: Discover Recession-Proof Stocks for Long-Term Wealth

In today's volatile market, finding dividend stocks that can withstand economic challenges and deliver consistent payouts is crucial for long-term investors. This article explores three low-risk, high-yield dividend stocks that offer the potential for steady income and growth, even in uncertain times.

Secure Your Financial Future with These Recession-Resilient Dividend Gems

W.P. Carey: A Diversified REIT Powering Passive Income

W.P. Carey (WPC) is a real estate investment trust (REIT) that has carved out a unique niche in the commercial property market. Rather than owning and operating its own properties, the company leases a diverse portfolio of industrial, retail, and office spaces to a wide range of tenants, including pharmaceutical companies, schools, grocery stores, and automotive parts manufacturers. This net-lease model provides W.P. Carey with a steady stream of rental income, while shielding the company from the unpredictable costs associated with property ownership.One of the key advantages of W.P. Carey's business model is its resilience to economic downturns. The company's tenants are typically well-established, financially stable organizations that are less likely to default on their rent payments, even during challenging times. Additionally, W.P. Carey's leases often include built-in rent escalators, ensuring that the company's income keeps pace with inflation.Despite the inherent risks associated with commercial real estate, W.P. Carey has demonstrated a remarkable track record of dividend growth, having increased its payouts for over a decade. Currently, the company offers a forward-looking dividend yield of nearly 5.7%, making it an attractive option for income-seeking investors.

Enbridge: A Midstream Giant Fueling Consistent Dividends

Enbridge (ENB), a Canadian energy infrastructure company, has long been a favorite among dividend-focused investors. With a current yield of 6.7% and a remarkable 29-year streak of consecutive dividend increases, Enbridge stands out as a reliable income-generating powerhouse.The key to Enbridge's stability lies in its business model, which is largely insulated from the volatility of oil and gas prices. As a midstream operator, Enbridge's primary focus is on the transportation and storage of these commodities, rather than their production. The company earns a toll-like fee for the services it provides, ensuring a steady flow of revenue regardless of fluctuations in energy prices.Enbridge's extensive network of pipelines, spanning over 18,000 miles across North America, is a testament to the company's strategic positioning and operational expertise. By handling a significant portion of the continent's crude oil and natural gas transportation, Enbridge has established itself as a critical player in the energy infrastructure landscape.Looking ahead, the long-term outlook for Enbridge remains promising. With global energy demand projected to continue growing, the company is well-positioned to capitalize on this trend and maintain its status as a reliable dividend payer.

Verizon: A Telecom Titan Delivering Consistent Dividends

In the ever-evolving world of telecommunications, Verizon Communications (VZ) stands out as a dividend powerhouse, offering investors a compelling combination of stability and income growth.While Verizon may not be a high-growth stock, the company's dominance in the wireless and broadband markets provides a solid foundation for its dividend-paying capabilities. The average American's reliance on mobile devices, with the typical user checking their phone over 140 times per day, underscores the essential nature of Verizon's services.Verizon's growth strategy is centered on strategic acquisitions and operational efficiencies. The recent acquisition of Frontier Communications, for example, not only expands Verizon's fiber optic broadband footprint but also unlocks significant cost savings through synergies. This disciplined approach to growth allows Verizon to maintain its focus on delivering consistent dividend increases, with an impressive 18-year streak of annual payout growth.Currently, Verizon offers a generous dividend yield of 6.6%, making it an attractive option for income-oriented investors seeking a reliable and well-established telecom player. As the demand for connectivity continues to rise, Verizon's position as a market leader positions it to remain a steady source of dividend income for years to come.