These stocks offer dividend yields above 5%.
They back those ultra-high yields with stable cash flow and strong balance sheets.
That should enable these companies to continue increasing their already sizeable dividends in the future.
It’s getting more challenging to find attractive passive income streams these days. The dividend yield on the S&P 500 is currently near a 20-year low of around 1.3%. Meanwhile, even traditionally higher-yielding sectors like real estate investment trusts (REITs) are offering relatively low yields (less than 3% on average) following that sector’s big run-up last year .
However, there are a few compelling opportunities out there for yield-hungry investors. Four that stand out as great buys right now are EPR Properties ( NYSE:EPR ), Enbridge ( NYSE:ENB ), Medical Properties Trust ( NYSE:MPW ), and Kinder Morgan ( NYSE:KMI ). Image source: Getty Images. A big-time monthly dividend
EPR Properties is a specialty REIT focused on experiential real estate like movie theaters and attractions. While those properties came under pressure during the pandemic — forcing EPR to suspend its dividend temporarily — they’ve bounced back as people start enjoying experiences outside the home again. As a result, the REIT’s rental collection rate has continued to improve over the past several quarters, which enabled EPR to reinstate its monthly dividend that currently yields 6.6%.
Meanwhile, EPR has strengthened its balance sheet over the past year so that it now has investment-grade credit. That further enhances the dividend’s sustainability while giving the REIT the financial flexibility to reaccelerate its growth and expand its portfolio of experiential properties. That growth could enable EPR to increase its payout in the future, making it look like a steal at the current yield. A well-oiled dividend growth machine Canadian energy infrastructure giant Enbridge currently offers a 6.3% dividend […]
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