Amid falling interest rates and rising volatility in equity markets, dividend stocks have become excellent additions to your portfolios. These companies would help stabilize your portfolios and earn a stable passive income. Against this backdrop, let’s look at my five top picks.
Enbridge
Enbridge’s (TSX:ENB) toll framework, long-term take-or-pay contracts, PPA (power-purchase agreements) backed renewable energy assets, and low-risk utility assets generate reliable and predictable cash flows. Amid these healthy cash flows, the company has paid dividends for 70 previous years and has raised its dividends for 30 years. Its forward dividend yield currently stands at an attractive 6.02%.
Enbridge is also expanding its asset base and hopes to put around $23 billion of assets into service by 2027. Also, the contribution from the recently acquired three utility assets could also boost its financials and cash flows in the coming…
