Investing in quality high-dividend stocks can help you earn a passive-income stream for life. You need to identify companies that generate steady cash flows across business cycles, have sustainable payout ratios, and are armed with robust balance sheets.
Ideally, these dividend-paying companies should increase their earnings consistently, resulting in dividend hikes each year. Two such energy infrastructure TSX stocks with a high dividend yield are Pembina Pipeline (TSX:PPL) and Enbridge (TSX:ENB).
Let’s see how you can earn $6,000 in annual dividend income each year by investing in these two dividend stocks.
Pembina Pipeline stock
A Canada-based pipeline company, Pembina Pipeline, ended the third quarter (Q3) of 2023 with an adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) of $1.02 billion, an increase of 6% year over year. Its EBITDA grew due to growing volumes, rising utilization rates, and…
