3 Top High-Yield Dividend Stocks to Buy and Hold Through at Least the End of the Decade

Core Viewpoint - Owning high-yielding dividend stocks can generate passive income, but sustainability of payouts is crucial, driven by strong financial profiles and visible growth prospects of companies [1] Group 1: Brookfield Renewable - Brookfield Renewable has a globally diversified portfolio of renewable energy assets, with about 90% of its capacity sold under long-term, fixed-rate contracts linked to inflation, allowing for growth in funds from operations (FFO) by 4% to 7% per share over the next several years [4][5] - The company aims to commission an average of 10 gigawatts of new renewable energy capacity annually by 2027 through at least 2030, supporting a 5% annual FFO per share growth, and expects to achieve over 10% annual FFO per-share growth overall [5] - Brookfield's dividend, yielding more than 5%, is projected to grow by 5%-9% per year long-term, having grown at a 6% compound annual rate since 2001 [6] Group 2: ConocoPhillips - ConocoPhillips anticipates a compelling multiyear free cash flow growth trajectory, driven by high-quality longer-cycle investments in Alaska and LNG, which will generate an incremental $6 billion in annual free cash flow [8] - The company expects to deliver its first oil from the$8 billion Willow project in Alaska in 2029, with plans to grow dividends within the top 25% of S&P 500 companies, having increased its payout by over 10% annually in recent years, including a 34% increase last year [9] Group 3: Enbridge - Enbridge has a significant backlog of commercially secured expansion projects valued at CA$28 billion ($20.4 billion), including oil pipeline expansions and renewable energy developments, with projects scheduled to come online through 2029 [10] - The company estimates an annual investment capacity of CA$9 billion-CA$10 billion ($6.6 billion-$7.3 billion), allowing for excess investment capacity each year to fund additional projects and acquisitions [11] - Enbridge expects to grow its earnings at around a 5% annual rate through the end of the decade, supporting a similar growth rate for its nearly 6%-yielding dividend, having raised its payout for 30 consecutive years [12] Group 4: Investment Outlook - Brookfield Renewable, ConocoPhillips, and Enbridge have visible cash-flow growth lined up through at least the end of the decade, providing ample opportunity to continue increasing their high-yielding dividends, making them attractive stocks for passive dividend income [13]