5 Dividend Stocks Yielding Over 5% With Fortress Financial Profiles to Buy Now
These high-yielding stocks offer very durable dividends.
Five dividend stocks are yielding more than 5%, thanks to fortress-like financial profiles, according to Wall Street's top credit rating agencies. Enterprise Products Partners (NYSE: EPD) leads the group with a 6% yield. This master limited partnership (MLP) boasts the highest credit rating of A-/A3 and a low-leverage balance sheet of 3.0x.
EPD's cash flows come primarily from fee-based sources, amounting to 80% of its income. The MLP generates enough cash flow to cover its high-yielding distribution by 1.9 times, allowing it to retain over $1 billion each quarter for reinvestment in the partnership.
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