Want Decades of Passive Income? 2 Energy Stocks to Buy Right Now.

The energy sector can be a great source of durable passive income if you know where to look. While commodity price volatility can affect the cash flows of many energy companies, others have business models designed to mute the impact of that volatility on their earnings, so they can generate steadier cash flow to help support their growing dividends. Enbridge (NYSE: ENB) and Brookfield Renewable (NYSE: BEPC)(NYSE: BEP) have been dividend stalwarts in the energy sector over the decades. They're in strong positions to continue paying high-yielding and steadily rising dividends in the future. That makes them great energy stocks to buy for passive income right now. Enbridge has paid dividends for more than 70 years. This will mark the 30th consecutive year it has increased its dividend. Enbridge has grown its payout at a 9% compound annual rate over the past three decades, including 3.1% this year. The Canadian pipeline and utility company's dividend currently yields an attractive 5.9%. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool