Published on 26 May 2024 on Motley Fool via Yahoo Finance

3 Top Dividend Stocks to Double Up on Right Now

Stocks that pay regular and growing dividends can make your money grow manifold and create solid wealth over time. That is why you shouldn't lose any opportunity to double up on promising dividend stocks. Right now, the following three stocks look like particularly enticing buys, with all three boasting impressive dividend track records and targeting steady annual dividend growth.

This stock keeps giving bigger dividends every year

Brookfield Infrastructure (NYSE: BIP) (NYSE: BIPC) is a globally diversified company that acquires and operates infrastructure assets like utilities, railroads, toll roads, energy pipelines, and data infrastructure. Since almost 90% of Brookfield Infrastructure's funds from operations (FFO) are from contracted or regulated sources, it can generate steady cash flows even when the economy is in turmoil. That aside, the company also sells assets as they mature and reinvests the proceeds in new projects. This asset recycling strategy has worked well for Brookfield Infrastructure so far, leaving it with enough cash to not only invest in growth but also increase its dividend every year for the past 15 years.