21.12.2024 09:57:00

The Best High-Yield Energy Stock to Invest $2,000 in Right Now

Enbridge's (NYSE: ENB) 6.4% dividend yield is going to make up the lion's share of an investor's return over time. That's to be expected for an ultra-high-yield stock. But add in the modest dividend growth that's expected here and that income stream's buying power is likely to grow at a faster rate than inflation.If you have $2,000 (or more) to invest and you are trying to build a passive income stream, here's why Enbridge's stock should be on your shortlist right now.Enbridge just announced that it will be increasing its dividend by 3% in 2025. That will mark the company's third consecutive decade of annual increases (in Canadian dollars). It is, pretty clearly, a reliable dividend stock.Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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