5 Dividend Stocks Yielding Over 5% With Fortress Financial Profiles to Buy Now
Wall Street's top credit rating agencies don't give out "A" ratings to anyone. A company's financial profile must pass rigorous tests to earn that designation. This group of five dividend stocks has fortress-like financial profiles that support their high-yielding dividends (all over 5%). That should give income-focused investors the confidence to buy and hold them for passive income. Enterprise Products Partners (NYSE:EPD) currently yields 6%. The master limited partnership (MLP) sets the standard for balance sheet strength in the energy midstream sector with the highest credit rating at A-/A3. It backs that high rating with a low-leverage balance sheet (3.0x) and durable cash flows (80% fee-based). The MLP, which sends a Schedule K-1 Federal tax form each year, currently covers its high-yielding distribution with cash flow by 1.9 times, enabling it to retain over $1 billion to reinvest in the partnership each quarter. Image source: Getty Images. Continue reading