3 Jaw-Dropping Dividend Stocks That Will Supercharge Your Portfolio With Yields Up to 7%!

Dividend stocks have long been a staple for investors seeking steady income and relatively lower volatility in their portfolios. However, finding the right mix of yield and growth can be challenging. In this article, we will explore three incredibly cheap dividend stocks that not only offer high yields up to 7% but also possess strong fundamentals and growth prospects. Let's dive into the details of Enterprise Products Partners, Brookfield Renewable, and Portland General Electric.

1. Enterprise Products Partners (EPD)

Enterprise Products Partners is a master limited partnership (MLP) that operates in the midstream energy sector, primarily engaging in the transportation, storage, and processing of natural gas, natural gas liquids (NGLs), and crude oil. The company boasts an extensive portfolio of assets, including over 50,000 miles of pipelines, 260 million barrels of storage capacity, and 14 billion cubic feet of natural gas processing capacity.

Enterprise Products Partners has consistently demonstrated a commitment to its dividend payment, distributing 24 consecutive years of increasing payouts. With a current yield of around 7%, EPD is an attractive option for income-seeking investors. Furthermore, the company's diversified operations and strong cash flows provide a solid foundation for continued dividend growth.

2. Brookfield Renewable (BEP)

Brookfield Renewable is a leading renewable energy company that owns and operates a diverse portfolio of over 6,000 MW of hydroelectric, wind, and solar power generation assets. The company has a strong presence in North and South America, Europe, and Asia, with a focus on acquiring and developing high-quality renewable energy assets.

Brookfield Renewable has established a strong track record of dividend growth, with a 6% annual increase in distributions over the past five years. The company's dividend yield currently stands at around 4.5%, with a payout ratio of approximately 60% of its funds from operations (FFO). With a growing global focus on renewable energy, Brookfield Renewable is well-positioned for long-term growth and increasing dividend payments.

3. Portland General Electric (POR)

Portland General Electric is an electric utility company operating in the state of Oregon, serving over 900,000 customers. The company generates approximately 60% of its electricity from emissions-free sources, including hydroelectric, wind, and solar power.

Portland General Electric has a long history of dividend payments, with 134 years of consecutive distributions. The company currently offers a yield of around 3.5%, with a payout ratio of approximately 50% of its earnings per share (EPS). With a focus on investing in renewable energy and upgrading its grid infrastructure, Portland General Electric is poised for stable growth and continued dividend payments.

Conclusion

Enterprise Products Partners, Brookfield Renewable, and Portland General Electric offer attractive dividend yields and strong fundamentals, making them compelling options for investors seeking income and growth. While no investment is completely risk-free, these companies have demonstrated a commitment to their dividend payments and possess solid growth prospects. By incorporating these high-yield dividend stocks into your portfolio, you can potentially supercharge your returns and achieve your long-term financial goals.