2 Ultra-High Dividend Stocks That Are Worth Buying in September

For more than a century, Wall Street has been a wealth-creating machine. While other asset classes have generated positive nominal returns, including bonds, real estate, and various commodities, such as gold, none have come close to matching the annualized total return of stocks, including dividends, over the past century.

While there are thousands of publicly traded companies and exchange-traded funds (ETFs) to choose from, some investment strategies have historically worked better than others. One approach that has proven to be a long-term winner is to buy and hold stocks with a proven track record. dividend stocks.

Companies that regularly share a percentage of their profits with investors are almost always profitable on a recurring basis and have generally demonstrated on Wall Street their ability to weather tough economic climates. Additionally, fixed-income stocks have a knack for providing transparent long-term growth prospects. In other words, it’s no surprise that dividend stocks, as a whole, have appreciated in value over time.

What may be shocking is How much have dividend stocks outperformed non-dividend stocks? in the long term.

Last year, investment advisors Hartford Funds released a report: The Power of Dividends: Past, Present and Future — which compared the performance of fixed income stocks to non-payers over the past half-century (1973-2023), and also analyzed their relative volatility versus the benchmark index S&P 500While non-dividend stocks generated a modest annualized return of 4.27% and were, on average, 18% more volatile than the S&P 500, dividend stocks generated an annualized return of 9.17% with 6% lower volatility than the broad market index.

Although the S&P 500 is on the verge of hitting an all-time high, incredible deals can Dividend stocks are still around. As we head into September, two electrifying ultra-high-yielding dividend stocks—both with an average yield of 9.02%—are begging to be bought by opportunistic income seekers.

Time to pounce: Enterprise Products Partners (7.16% yield)

The first high dividend stock that income investors can confidently jump into in September is energy giant Enterprise Product Partners (NYSE: EPD)Enterprise has increased its annual base payout for 26 consecutive years.

To be honest and transparent, investing in the oil and gas sector is not for everyone. Most investors probably still have fresh in their minds the drop in demand for energy commodities that occurred during the COVID-19 pandemic. Fortunately, Enterprise has been able to avoid most of this operational turbulence, which is what makes it such a solid income-generating investment.

Unlike drillers, which tend to have high margins but can be easily destabilized by fluctuations in the spot price of crude oil, Enterprise Products Partners is one of the largest midstream energy companies in the United States. Midstream suppliers are actually energy industry middlemen who own…