4 Dividend Stocks to Double Up On Right Now
Key Points
Duke Energy expects strong growth in revenue and earnings per share through 2030.
Enbridge has grown its dividend for 31 consecutive years at a 9% CAGR.
Both Enterprise Product Partners and EOG Resources's stocks look relatively undervalued.
- 10 stocks we like better than Enbridge ›
Growth and income investors are flocking to energy and utility stocks as AI-related demand is creating a rare opportunity for both types of portfolios. As stock prices climb to premium levels, which dividend companies are worth your time and money? Here are four more generous income stocks you should consider doubling up on right now.
Duke Energy
Duke Energy (NYSE: DUK) is one of the largest regulated utility companies in the U.S. It's paid dividends for almost 100 consecutive years and has steadily increased its dividend since 2010. Duke's stock is up around 10% in the past 12 months and is trading at a slight premium. Its forward P/E ratio is currently just over 18, where its PEG ratio is 2.5. So, Duke is slightly overpriced at the moment, but I do believe there's ample justification to buy.
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In addition to a solid quarterly dividend of $1.065 per share, Duke is experiencing a surge in demand. The company is going to spend $103 billion over five years to increase its capacity. Duke anticipates this will result in a 9% growth rate through 2030. The company also expects 5% to 7% earnings-per-share growth through that same period.
Enbridge
The Canadian energy company Enbridge (NYSE: ENB) is our next dividend pick. Enbridge is consistent in both growth and income. The company has increased its dividends for 31 consecutive years at a CAGR of 9%.
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Enbridge's full fiscal 2025 results were strong, with record results. Adjusted EBITDA grew 7%, and earnings rose 9% year over year. The growth will likely continue through 2026 and beyond as the company's backlog increased to $39 billion. Enbridge stock appreciated 24% in the past 12 months.
Enterprise Products Partners
Enterprise Product Partners (NYSE: EPD) might be the best value stock on this list. Trading with a forward P/E of just over 10, the stock's current dividend yield is around 6%. It's also consistently paid dividends since the late 1990s.
EPD made significant capital investments in 2025, and those expenditures are expected to drop in 2026, which should free up even more cash for investors. EPD's stock is a textbook buy-and-hold income investment.
EOG Resources
Last, but definitely not least, is EOG Resources (NYSE: EOG). The stock is navigating some short-term headwinds, but is still largely undervalued. EOG Resources pays both a consistent regular dividend and has been known to reward investors periodically with special dividends as well.
EOG Resources's balance sheet is in excellent shape, and the company is committed to returning 89% of free cash flow to shareholders as of the third quarter 2025 report. EOG is a disciplined company, which makes it a great long-term investment for dividend seekers.
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Catie Hogan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Enbridge. The Motley Fool recommends Duke Energy, EOG Resources, and Enterprise Products Partners. The Motley Fool has a disclosure policy.
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