3 Top Dividend Stocks That Will Pay You At Least 6%

The novel coronavirus continues to paralyze markets, fueling safe-haven assets. And the 10-year U.S. Treasury bond pays a paltry 1.61%. If markets do retreat again, we could see that interest rate fall below 1.5%.

You might say there's nowhere for income investors to turn. But many investors have already found safety in our top dividend stocks today.

You could leave yourself at the mercy of the Fed's interventions in the markets. Or you could start looking at these companies for security in any economic conditions.

If that sounds good to you, read along. These three companies pay more than 6% in dividends to investors. This yield represents nearly four times the amount that investors could get from the U.S. government.

Our first pick has a little upside as well…

Dividend Stock to Buy No. 3: Enterprise Products Partners LP

Enterprise Energy Partners LP (NYSE: EPD) is a master limited partnership that has experienced a bit of a downturn over the last few weeks. The company operates in the oil and natural gas space, and we've seen a lot of stocks slump due to falling commodity prices. Natural gas prices have declined by 15% since the start of the year and slumped about 30% in the last 12 months.

But this is a company that generates incredible cash flow through its operations. It doesn't matter what the price of natural gas is. EPD is going to charge fees to producers to pump natural gas across the country. The firm has enough cash on hand to nearly double the payout of its lofty dividend of 6.8%.

Enterprise Products Partners currently trades at roughly $26 per share. At current levels, the 6.8% dividend justifies a buy and hold strategy. Although the coronavirus represents a threat to the global natural gas market, investors can lock in that yield and take a longer-term approach to the stock. We currently see a price target of $36 for EPD stock once concerns about the coronavirus and the global economy abate. With central banks around the globe still pumping cash into the equity markets, investors can benefit from stocks like EPD that can outperform in any economic situation.

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Disclosure: None.

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