Three High-Yield Stocks for Long-Term Investors Seeking Reliable Dividends

For investors with a long-term horizon, selecting stocks that consistently deliver reliable dividends is key. Bank of Nova Scotia (BNS), Realty Income (O), and Enterprise Products Partners (EPD) stand out for their ability to maintain and grow dividends over decades, making them appealing for those seeking income and stability. Bank of Nova Scotia has paid dividends every year since 1833, a record spanning over 150 years. With a current yield of 4.6%, it significantly outpaces the S&P 500 index's yield. The bank operates in Canada, the U.S., Mexico, and parts of Central and South America, benefiting from a conservative business approach and regulatory protections in its core markets. Despite recent performance challenges, the bank is refocusing on its key operations to strengthen its position. Realty Income, known for its monthly dividends, has raised its payout for 31 consecutive years. The real estate investment trust (REIT) maintains an investment-grade balance sheet and a funds from operations (FFO) payout ratio of around 75%. Its portfolio of over 15,500 properties, with 79% in retail, offers flexibility and stability. The average lease term of over eight years provides insulation from short-term economic fluctuations. Enterprise Products Partners, a master limited partnership (MLP), offers a 5.7% distribution yield. Its toll-taker business model, which charges fees for energy infrastructure usage, allows it to generate income regardless of energy prices. The company has increased its distribution annually for 27 years, maintaining an investment-grade balance sheet and a 1.7x coverage ratio for its distributions. Despite operating in the energy sector, its conservative approach and infrastructure focus reduce exposure to market volatility. These three stocks are not just high-yielders but have demonstrated resilience through various economic cycles. Their conservative strategies and proven track records make them suitable for long-term investors aiming to build generational wealth through consistent income.