7 Best Dividend Champions to Buy Now

3. Enterprise Products Partners

Enterprise Products Partners (NYSE: EPD) is a master limited partnership (MLP) that owns energy midstream assets, including pipelines, processing plants, and export terminals. The long-term contracts and regulated rate structures provide the MLP with highly predictable cash flow, supporting its attractive nearly 7% yield. Enterprise offers income-focused investors a robust payout, backed by a strong financial profile.

The MLP has increased its distribution for 27 straight years. That growth should continue. Enterprise currently has $6 billion of organic capital projects on track to enter commercial service by the end of this year, which should provide a big boost to its cash flow in 2026. The MLP expects to invest between $2.2 billion and $2.5 billion in growth capital projects next year to further enhance its cash flow.

With one of the best balance sheets in the energy midstream sector, Enterprise Products Partners has ample fuel to continue growing its business and high-yielding distribution.

4. Enbridge

Enbridge (NYSE: ENB) is a leading North American energy infrastructure company. With 98% of earnings from predictable revenue frameworks, Enbridge has extreme visibility into its earnings. The Canadian pipeline and utility company has achieved its annual financial guidance for 19 straight years, making it a compelling option for investors who highly value predictability.

The energy company has increased its dividend (which yields nearly 6%) for 30 straight years. It should have plenty of fuel to continue increasing its payout in the future. Enbridge currently has around 32 billion Canadian dollars ($23 billion) of capital projects in its backlog that should enter commercial service through 2029. This backs the company's outlook that it can grow its cash flow per share at a 3% annual rate through 2026 and by around 5% annually thereafter, which should support dividend growth within the same annual range.

5. Genuine Parts

Genuine Parts (NYSE: GPC) is a leading provider of automotive and industrial replacement parts. The company has been incredibly resilient over the decades, growing its sales in 91 of its 97 years, while increasing its earnings in 79 of those years. That has enabled the company to pay one of the world's most consistent dividends. This year marks the 69th straight year it has raised its payment.

The company has benefited from durable and growing demand for replacement parts. It also has a very disciplined record of making acquisitions that drive profitable growth. Genuine Parts seeks deals that will accelerate its sales growth and margin rates, while also boosting its earnings per share within the first year. The company's strong cash flows and balance sheet should enable it to steadily grow its business and 3%-yielding dividend.

6. NNN REIT

NNN REIT (NYSE: NNN) is a real estate investment trust (REIT) focused on investing in single-tenant, net leased (NNN) retail properties. NNN leases generate very stable rental income because tenants cover all property operating costs such as routine maintenance, real estate taxes, and building insurance. The company invests in well-located properties in strong markets, making it easier to find a replacement tenant should the existing one run into financial difficulties.

The NNN REIT has increased its dividend for 36 straight years, the third-longest streak in the sector. Less than 80 publicly traded companies have reached this milestone.

The REIT remains in an excellent position to continue increasing its more than 5.5%-yielding dividend. It has a very conservative financial profile, giving it the flexibility to continue investing in new income-generating retail properties.

7. PepsiCo

PepsiCo (NASDAQ: PEP) is a global beverage and snacking giant. Its iconic brands generate steady and growing cash flow to support its nearly 4% dividend yield. The company has raised its dividend payment for 53 years in a row, joining Consolidated Edison as a Dividend King.

PepsiCo's reign among the dividend elite should continue. It invests heavily to grow its business through new product innovations, capacity expansions, and productivity enhancements. The company anticipates these investments will drive mid-single-digit annual revenue growth and high-single-digit earnings-per-share growth over the long term. PepsiCo also has a strong balance sheet, which it's currently using to make acquisitions that accelerate the transformation of its portfolio to healthier food and drink options.

Winning dividend stocks

These companies have all increased their dividends annually for at least a quarter-century. Their resilient business models and financial strength put them in excellent positions to continue growing their payouts. It makes them ideal choices for investors seeking durable and steadily rising passive dividend income.

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Matt DiLallo has positions in Chevron, Enbridge, Enterprise Products Partners, Genuine Parts, and PepsiCo. The Motley Fool has positions in and recommends Chevron and Enbridge. The Motley Fool recommends Enterprise Products Partners and Genuine Parts. The Motley Fool has a disclosure policy.

7 Best Dividend Champions to Buy Now was originally published by The Motley Fool