The 2 Best Dividend Stocks to Own for the Next 10 Years

Core Viewpoint - Dividend stocks that provide reliable income and growth over the next decade are rare, but Enterprise Products Partners (EPD) and Enbridge (ENB) are highlighted as top choices for investors seeking dependable dividends in uncertain times [1] Group 1: Enterprise Products Partners (EPD) - EPD has a forward dividend yield of 6.8%, significantly higher than the energy sector average of about 4.2% [2] - The company reported adjusted EBITDA of $2.4 billion for the quarter and distributable cash flow (DCF) of $1.9 billion, reflecting a 7% year-over-year increase [4] - EPD declared a payout of $0.545 per unit, marking a 3.8% increase year-over-year, and has a payout ratio of just 57% of adjusted cash flow from operations [5] - The company has returned $4.9 billion to unitholders through distributions and unit repurchases over the past twelve months [5] - Management anticipates $6 billion in organic growth initiatives to come online in the next 18 months, including new gas processing plants in the Permian Basin [6] Group 2: Financial Performance and Stability - EPD's DCF covered the distribution 1.6 times, allowing the company to retain $748 million in extra cash during the quarter and $3.4 billion over the past year [4] - Despite a 0.5% dip in share price year-to-date, EPD's financial flexibility supports its long-term viability and growth in distributions [3]