3 Dividend Stocks I Love to Buy for Passive Income

Core Insights - The article emphasizes the importance of generating passive income through investments in dividend stocks, highlighting specific companies that provide stable cash flows and consistent dividend growth. Group 1: Brookfield Infrastructure - Brookfield Infrastructure owns a diversified portfolio of infrastructure businesses, including pipelines, toll roads, electricity transmission lines, and data centers, generating $2.6 billion in cash flow last year, with a dividend yield of 3.6% [3][4]. - The company has increased its dividend by 6%, marking its 17th consecutive year of dividend hikes, with expectations for continued income growth [4]. - Brookfield is investing heavily in expanding its infrastructure portfolio, including data centers and semiconductor foundries, and expects over 10% annual cash flow per share growth, supporting 5% to 9% annual dividend growth [5]. Group 2: Enterprise Products Partners - Enterprise Products Partners is a leading U.S. energy midstream company that operates pipelines and processing plants, offering a current yield of 6.2% and has increased its payment by 2.8% over the past year, extending its growth streak to 27 consecutive years [6]. - The company completed $6 billion in major expansion projects in the second half of last year, which will drive earnings growth in 2026, and plans to invest at least $2.5 billion into expansion projects this year [7]. - These expansion projects are expected to provide incremental cash flow sources, supporting continued distribution increases through the end of next year [7].