◆ NeutralENBDKL

1 High-Yield Dividend Stock Yielding Nearly 6% That's Safe to Buy -- and 1 Yielding Over 8% I Wouldn't Touch

The Motley Fool·
1 High-Yield Dividend Stock Yielding Nearly 6% That's Safe to Buy -- and 1 Yielding Over 8% I Wouldn't Touch

Enbridge (ENB) and Delek Logistics Partners (DKL) both offer high dividend yields of ~6% and >8% respectively. However, Enbridge is recommended as the safer choice due to its diversified business model, strong investment-grade credit rating, conservative payout ratio, and 31-year dividend growth streak. Delek Logistics, despite 54 consecutive quarters of distribution increases, carries higher risk due to junk-rated credit, higher payout ratios, and heavy dependence on its parent company Delek U.S. Holdings for earnings.

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