3 high yield dividend stocks with great growth prospects | Personal finance
The company has a strong growth history over the past five years and over the past 25 years has increased its dividend each year, including increases in each of the past five quarters. Over the past 26 years, the compound annual growth rate of the dividend has been 10%.
Enbridge is having a solid year. In the six months, it reported $ 1.16 in adjusted earnings per share, up from $ 1.09 year-on-year. The company said it expects EBITDA for the full year to be between $ 10.85 billion and $ 11.62 billion, up from $ 10.38 billion in 2020.
The company says it is prudently protecting its dividend by keeping dividend payouts at 60-70% of distributable cash flow (DCF). In the first half, he paid $ 1.24 per share in dividends while managing $ 2.03 per share in DCF, bringing the ratio to 61%.
WP Carey is a Steady Eddie type stock
WP Carey is a REIT specializing in single-tenant net leases for warehouses and industrial, office, retail and self-storage properties. Its strength lies in its large, diversified portfolio, which includes 1,266 properties and over 150 million square feet of rental space in 25 countries.
The pandemic has had some impact on WP Carey as it rents office and retail space. However, the largest share of its properties are in industry (24.9%) and warehouses (23.4%), and its largest customer, U-Haul, accounts for only 3.2% of its assets.