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As we recently discussed, investing in individual dividend stocks can provide a financially comfortable retirement. However, the trick is to find the right kinds of dividend stocks, particularly ones that pass this four-part test:
- Defensive and durable business model
- Strong balance sheet
- Safe and growing payout
- High current yield
Both Enbridge (NYSE:ENB) and MPLX (NYSE:MPLX) pass this test with flying colors, thanks to their blue-chip, full-integrated midstream (AMLP) business models, strong investment grade credit ratings, strong payout coverage, impressive payout growth track records, and attractive current yields. As a result, we think that they qualify for a place in a well-diversified dividend stock portfolio focused on delivering lifelong income to retirees. In this article, we will compare them side-by-side and offer our take on which is the best buy right now.
ENB Stock & MPLX Stock: Business Models
ENB has a…
