3 Magnificent Dividend Stocks to Buy in March

There's no time like the present to invest in dividend stocks. Doing so kicks off the process of receiving extra income in the form of dividend payments every quarter (and sometimes every month). Some dividend stocks stand out more than others. The best ones offer exceptionally high yields along with solid underlying business models. Here are three magnificent dividend stocks to buy in March.

Ares Capital (ARCC) enjoys a distinction that no other stock on the market holds. It's the highest-yielding dividend stock owned by Warren Buffett. To be clear, Buffett's Berkshire Hathaway doesn't hold a direct position in Ares. However, the stock is owned by Berkshire subsidiary New England Asset Management. It's probably not surprising that infrastructure stocks have solid growth prospects. There's a significant need for infrastructure improvement globally. While governments across the world are investing in infrastructure, private companies are also stepping up. Brookfield Infrastructure (BIP) (BIPC) is one of them. Enbridge (ENB) offers a dividend yield of a little over 7%. In addition to this juicy yield, the company has increased its dividend payout for 28 consecutive years. This streak is likely to continue.

Source: Motley Fool

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