All It Takes Is $10,000 Invested in Equal Parts of These 3 High-Yield Dividend Stocks to Generate Over $1,500 in Yearly Dividends.

If you were to invest $10,000 in Realty Income (NYSE: O) and its 5.1% yield, you'd generate $510 a year in dividends. The same amount invested in Enterprise Products Partners (NYSE: EPD), with its 5.8% yield, would generate $580 per year. And $10k in 4.6% yielding Hormel Foods (NYSE: HRL) would provide you with $460 a year in dividend income. Put that all together, and these three high-yielders could pay you $1,550 per year.

But the big story is that each of these businesses has a long history of regularly increasing its dividends. So not only do you get a lofty income stream today, but, if history is any guide, it will grow over time. Here's a look at each one to get you started.

Image source: Getty Images.

Realty Income: A 5.1% yield and built to be boring

Realty Income is a net lease real estate investment trust (REIT). That means that its tenants are responsible for paying most property-level costs. This reduces Realty Income's expenses and risk. Further reducing risk is the REIT's massive portfolio of more than 15,500 properties. The portfolio is spread across single-tenant retail (78% of rents), industrial (16%), and "other" assets (the remainder), including casinos and data centers. On top of that, the company is geographically diversified, generating most of its rents from North America and around 20% from Europe.

Safety is job one when it comes to the dividend, noting that Realty Income has an investment-grade-rated balance sheet and a 31-year history of annual dividend increases. The only problem with Realty Income is that it is so large that it is a bit of a tortoise on the growth front. Management is well aware of this and has been using its core competencies to reach into new areas. For example, data centers and casinos are relatively new asset classes for the company. And it recently created a fee-generating institutional asset management business. This REIT won't excite you, but boring isn't a bad thing when it comes with a big yield and a steadily growing dividend.

Enterprise Products Partners: A 5.8% yield and reliable energy income

Enterprise Products Partners is a master limited partnership (MLP) that hails from the energy sector. The quick protest point is that energy stocks can be volatile because commodity prices are volatile. Enterprise sidesteps commodity prices, instead charging fees for the use of its vast North American portfolio of energy infrastructure. It owns things like pipelines, storage, and transportation assets. Volume is a more important factor than energy prices in determining the MLP's ability to pay distributions. Given the importance of energy to the global economy, volumes tend to be strong even when oil prices are low.

The business model's proof point comes from Enterprise's 27 annual distribution increases. That's basically as long as the MLP has been public and includes several energy market downturns. Moreover, like Realty Income, Enterprise has an investment-grade-rated balance sheet. Slow growth is the norm, but Enterprise has a $5 billion capital investment plan in the works, so look for more distribution hikes in the years ahead.

Hormel Foods: A 4.6% yield from a Dividend King

Hormel Foods has the most impressive dividend streak on the list, at 60 years. That makes it a Dividend King, a highly elite group of companies with 50 or more consecutive annual hikes. The stock's yield is so high right now because it is working through a rough patch, which isn't uncommon for a company as long-established as Hormel Foods. The turnaround has been slow-moving, but it appears to be progressing. And, notably, the company continues to increase its dividend.

Hormel makes food, with a focus on protein. It owns brands like SPAM, Columbus, Planters, and Applegate, among others. While you probably know the company from its consumer-facing brands, it also has a sizable business selling prepared meat products to restaurants and other service providers. A key business focus is innovation, a powerful selling point in the consumer staples sector. With Hormel's organic growth ticking higher for six quarters in a row and earnings starting to rebound, this turnaround story looks like it has hit an inflection point. You might want to act quickly if you are thinking about buying it.

Lock in a $1,550 income stream while you can

Realty Income, Enterprise, and Hormel have attractive businesses and attractive yields. Those yields may not stick around forever, noting that Hormel's yield is still toward the high end of its historical yield range. Wait too long, and this diversified trio of high-yield dividend stocks may not produce as lucrative an income stream as they do today.

Reuben Gregg Brewer has positions in Hormel Foods and Realty Income. The Motley Fool has positions in and recommends Realty Income. The Motley Fool recommends Enterprise Products Partners. The Motley Fool has a disclosure policy.