2 Dividend Stocks to Double Up On Right Now

High-yielding dividend stocks often lose their luster during bull markets as investors flock toward higher-growth investments. However, they become more appealing once again when geopolitical shocks and macroeconomic headwinds rattle the broader markets.

Therefore, if you're concerned about the military conflicts in the Middle East, volatile oil prices, and inflation, then it's the right time to buy some high-yielding stocks again. Let's check out two of those stocks that will deliver stable income in a turbulent market: Brookfield Renewable (NYSE: BEP) (NYSE: BEPC) and Enterprise Products Partners (NYSE: EPD).

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Brookfield Renewable

Brookfield Renewable, a global renewable power utility backed by Brookfield Corporation (NYSE: BN), builds hydroelectric dams, wind farms, solar power plants, and other utility-scale green energy projects. It already operates 14 GW of installed renewable capacity across the Americas, but it has a pipeline of over 200 GW of renewable projects in development. It also owns a major stake in Westinghouse, a leading developer of nuclear power technologies.

From 2025 to 2028, analysts expect Brookfield Renewable's revenue to more than double from $5.1 billion to $10.7 billion. The rapid expansion of the power-hungry cloud, data center, and AI markets should drive that growth. It's signed long-term renewable power agreements with tech titans like Microsoft and Alphabet's Google to stay pegged to those growing markets. It will also benefit from new decarbonization and green manufacturing initiatives.

Brookfield Renewable isn't consistently profitable yet, but analysts expect its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) to grow at a steady 8% CAGR from $3.7 billion in 2025 to $4.6 billion in 2028. With an enterprise value of $63.8 billion, it still looks reasonably valued at 7 times this year's sales and 15 times its adjusted EBITDA.

Brookfield Renewable notably trades under two tickers: BEP (a limited partnership) and BEPC (a normal corporation). BEP's forward yield of 5.2% is higher than BEPC's 3.9%, but BEP has underperformed BEPC by a significant margin over the past five years.

That's because BEPC offers a simpler tax structure and doesn't require any additional K-1 partnership tax forms. Therefore, if you're looking for a reliable, dividend-paying renewable energy play, Brookfield Renewable checks all the right boxes.

Enterprise Products Partners

Enterprise Products Partners is a midstream pipeline company that operates more than 50,000 miles of pipeline across 27 states. It charges upstream extraction companies and downstream refining companies to transport natural gas, natural gas liquids (NGLs), crude oil, and other refined products through its pipelines. It also helps American companies export their natural gas products overseas. That "toll road" model is well-insulated from volatile commodity prices, since it only needs those resources to keep flowing to generate stable profits.

As a master limited partnership (MLP), Enterprise Products blends a return of capital with its own income to pay tax-efficient distributions instead of conventional dividends. In 2025, its operational distributable cash flow (DCF) remained flat year over year at $7.9 billion, but it easily covered its $4.8 billion in distributions. As long as an MLP's DCF exceeds its distributions, its yields should be sustainable. Enterprise currently pays an attractive forward yield of 5.9%.

Enterprise Products, like many of its midstream rivals, is expanding its pipelines across the Permian Basin and other resource-rich regions. However, Enterprise isn't as aggressive as its larger competitor, Energy Transfer (NYSE: ET), which acquired several of its top competitors in recent years to expand its network to more than 140,000 miles of pipeline across 44 states. That's why Enterprise is shouldering significantly less debt than Energy Transfer.

From 2025 to 2028, analysts expect Enterprise's earnings per unit (EPU) to grow at a 7% CAGR to $3.29. That will also easily cover its forward distribution rate of $2.18 per unit. At $37, it still looks like a screaming bargain at 13 times this year's EPU.

Leo Sun has positions in Energy Transfer. The Motley Fool has positions in and recommends Alphabet, Brookfield, Brookfield Corporation, and Microsoft. The Motley Fool recommends Brookfield Renewable, Brookfield Renewable Partners, and Enterprise Products Partners. The Motley Fool has a disclosure policy.