1 Pipeline Stock to Buy in August for Steady Passive Income

Pipeline stocks offer reliable passive income through monopoly-like infrastructure with low operating costs and high free cash flow. Enbridge (ENB) is highlighted as a top choice with a 5% dividend yield, benefiting from projected 20% growth in U.S. natural gas demand through 2030 driven by LNG exports and data center expansion. The company's distributable cash flow is expected to reach $5.70-$6.10 per share by 2026, comfortably covering its $2.84 per share dividend.