Dividend stocks are a great choice for investors looking for a regular income stream. The best dividend stocks offer a growing payout in addition to price returns stemming from a rise in stock prices. While investing in dividend stocks, it is important to select stocks that can generate regular income for the long term; think decades, not months. The best approach is to go for time-tested companies with sustainable growth prospects. Here are two dividend stocks that have the potential to generate growing dividends through 2030, and beyond.
Enterprise Products Partners (NYSE: EPD) is a top midstream energy company involved in the transport, storage, and processing of oil, gas, and refined products. As the company isn't involved in the exploration and production of oil and gas, its earnings are not as directly tied to commodity prices as those of oil and gas producing companies. Enterprise Products earns a fee for transport, storage, processing, and other services performed for its customers.
Top Canadian energy company TC Energy (NYSE: TRP) has pipelines, storage facilities, and power generation assets in Canada, the U.S., and Mexico. The company's natural gas and liquids pipelines are largely regulated, allowing it to earn a stable income from these assets irrespective of commodity prices. Additionally, most of the company's remaining assets are backed by long-term fee-based contracts. Overall, roughly 95% of TC Energy's EBITDA comes from either regulated assets or assets backed by long-term contracts, providing it with a steady income stream.
Source: NASDAQ
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