The S&P 500's Dividend Yield Is Down to Around 1%. Buy This 5%-Yielding Pipeline Stock to Boost Your Passive Income.
Not every dividend stock's yield has been whittled down to next to nothing because of the overall market's persistent bullishness. Just look somewhere you haven't before.
The S&P 500's Dividend Yield Is Down to Around 1%. Buy This 5%-Yielding Pipeline Stock to Boost Your Passive Income.
Overview
Growth stocks continue leading the market higher. If you're an income investor shopping around for a new dividend-paying company, however, you might be a bit discouraged. That's because the market's relentless bullishness, which has driven the S&P 500 (SNPINDEX: ^GSPC) more than 100% higher since late 2022 (and up 16% just since late March), has also pared the index's dividend yield down to a record low of just over 1%. It suggests there are no great yields to be found anywhere.
Now dig deeper. They're out there, if you're willing to look a bit off the beaten path. A company called Enbridge (NYSE: ENB) fits the bill, with its forward-looking dividend yield of 5.1%.
Details
It's not a household name. There's a good chance, however, that your household regularly depends on the service it provides.
Source
Originally published at www.fool.com.
