Dividends4Life: 3 Attractive Dividend Stocks Whose Dividends Could Double

3 Attractive Dividend Stocks Whose Dividends Could Double

Posted by D4L | Wednesday, September 22, 2021 | 0 comments »

Regular and growing dividends often indicate the financial strength and underlying growth of a company's business. They also indicate its management's expectations of continued future growth. Investing in such dividend-paying companies can not only generate a regular dividend income but also provide attractive capital appreciation potential. Here are three such rock-solid dividend stocks to consider buying right now.

In five years, NextEra Energy Partners (NYSE: NEP) has doubled its per-unit distribution. Canadian company Enbridge (NYSE: ENB) has increased its dividend for 26 consecutive years. Enbridge doubled its 2014 per share dividend of 1.40 Canadian dollars in five years by 2019. Algonquin Power & Utilities (NYSE: AQN) expects to pay a total dividend of $0.67 per share for 2021. Based on that, the company's per share dividend would get doubled in seven years.

Source: NASDAQ

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