5 Best Income Stocks To Buy Right Now

1. Enbridge Inc. (NYSE:ENB)

Dividend Yield: 6.29%

Number of Hedge Fund Holders: 19

Number of Years of Consistent Dividend Growth: 25

Enbridge Inc. (NYSE:ENB) is a natural gas company that transports 20% of the natural gas and 25% of the crude oil that is consumed by North America, and is the third largest natural gas company in the region in terms of the number of customers. Currently, Enbridge Inc. (NYSE:ENB) is engaged in liquids pipelines, natural gas pipelines, gas distribution and storage, and renewable energy. Enbridge Inc. (NYSE:ENB) ranks first on our list of the best income stocks to buy now, with a yield of 6.29% and 25 years of consistent dividend growth. 

At the end of Q2, 19 hedge funds monitored by Insider Monkey’s database of elite funds were long Enbridge Inc. (NYSE:ENB), down from 22 in Q1. 

Here is what ClearBridge Investments has to say about Enbridge Inc. (NYSE:ENB) in its Q2 2021 investor letter:

“On a regional basis, the U.S. and Canada was the top contributor to quarterly performance, of which Canadian energy infrastructure company Enbridge was one of the lead performers. Enbridge owns and operates one of the largest oil and gas pipeline networks in North America. The company also owns regulated gas distribution utilities in Ontario, Canada. Enbridge’s Line 3 Replacement Project received a favorable court ruling regarding the adequacy of its Environmental Impact Statement. This significantly lowers the execution risk for the project and enables the company to place the project into service later in the year.”

You can also take a look at 10 Best Stocks Under $10 According to Billionaire Daniel Och’s OZ Management and 10 Monthly Dividend Covered Call ETFs and ETNs You Can Count On.

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