3 Dividend Stocks to Double Up on Right Now

If you are a long-term income investor looking for dividend stocks to add to your portfolio, now is a good time to consider Enterprise Products Partners (NYSE: EPD), Bank of Nova Scotia (NYSE: BNS), and/or PepsiCo (NASDAQ: PEP). And if you already own them, you might even want to double up on your investment. Here's a look at each one and why now is an attractive time to buy.Enterprise's average distribution yield over its history is roughly 6.2%. The current yield of nearly 6.7% is a touch above the historical average. That suggests you are getting a fair to slightly discounted price, using yield as a rough gauge of valuation. But the real key here is that Enterprise's distribution has been increased every year for 27 consecutive years, which is about as long as the midstream master limited partnership (MLP) has existed.What you are getting when you buy is one of the largest owners and operators of energy infrastructure, like pipelines, in North America. These are vital assets that customers pay a fee to use, generating fairly reliable cash flows regardless of what is happening with energy prices. Although the yield is likely to make up most of your return over time, conservative income investors should find Enterprise a very compelling opportunity. An investment-grade-rated balance sheet adds to the safety, as does the fact that the distribution is covered by around 1.7x with distribution cash flow.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool