Want Year-Round Income? 2 Dividend Stocks Paying Consistently

These two top dividend stocks could keep your income flowing throughout the year, no matter what the market is doing.

| More on:

One of the best ways to generate consistent cash flow all year is by owning dividend stocks that pay regularly. Because market swings will come and go, but a reliable dividend can help you sleep better at night. It gets even better when these companies are involved in essential services like energy and infrastructure. These sectors keep humming no matter what’s happening, and that adds to their reliability.

In this article, I’ll spotlight two such dependable dividend-paying stocks that keep showing up with consistent payouts and long-term growth potential.

senior relaxes in hammock with e-book

Source: Getty Images

Pembina Pipeline stock

Pembina Pipeline (TSX:PPL) is the first stock for its long-running commitment to dividend payouts and a business model rooted in stability. Based in Calgary, this energy transportation giant owns a vast network of pipelines, terminals, and gas infrastructure that moves and processes oil and gas across North America.

After sliding by nearly 3% over the last year, PPL stock currently trades at $50.24 per share with a market cap of $29.1 billion and offers a solid 5.5% annualized dividend yield, paid quarterly. The recent weakness in its shares could mainly be due to broader energy sector headwinds, but Pembina’s fundamentals remain strong.

In the first quarter of 2025, Pembina posted adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) of $1.2 billion, up 12% YoY (year-over-year). Similarly, its net profit jumped 15% YoY for the quarter to $502 million. Stronger contributions from its pipelines, gas processing facilities, and marketing operations helped lift the company’s performance.

On the growth side, Pembina is making strategic moves to strengthen profitability. Earlier this year, the company signed new long-term contracts with a leading Montney producer, which will support higher utilization of its Peace Pipeline and Redwater Complex. It also continues to advance major capital projects to tap into rising demand from the Western Canadian Sedimentary Basin.

With these expansions and smart capital allocation, Pembina is well-positioned to keep delivering reliable dividend income and potential upside for long-term investors.

Brookfield Infrastructure stock

Brookfield Infrastructure Partners (TSX:BIP.UN) also offers something many income investors look for — a strong global footprint, inflation-linked revenues, and rising distributions.

Operating in sectors like utilities, transport, midstream, and data, Brookfield Infrastructure runs critical infrastructure assets across multiple continents. Its shares currently trade at $44.28, with a market cap of $20.4 billion. At this market price, it has a 5.3% annualized dividend yield, also paid quarterly.

Brookfield posted a 5% YoY rise in its funds from operations for the first quarter to US$646 million with the help of new capital deployments and inflation-indexed revenues. Its utilities segment saw increased rate base earnings, while its midstream business posted 8% growth, driven by stronger volumes and pricing at its Canadian energy assets.

Brookfield’s capital recycling strategy remains a major driver of its long-term strength. In early 2025, the infrastructure giant secured over US$1.4 billion in sale proceeds, including the planned exit from its Australian container terminal and a minority stake in its intermodal logistics platform. These moves unlock capital for reinvestment, which should support its future cash flows and dividend growth.

Given these positive factors, Brookfield Infrastructure could be a great choice for investors seeking reliable passive income backed by real assets and consistent growth.

Fool contributor Jitendra Parashar has positions in Pembina Pipeline. The Motley Fool recommends Brookfield Infrastructure Partners and Pembina Pipeline. The Motley Fool has a disclosure policy.

More on Dividend Stocks

Investor wonders if it's safe to buy stocks now
Dividend Stocks

This Market Feels Shaky: Here Are 2 Canadian Stocks I’d Still Buy

When markets get shaky, two TSX names, a cash-gushing gold miner and a deeply discounted fund, can help you stay…

Read more »

electrical cord plugs into wall socket for more energy
Dividend Stocks

1 TSX Dividend Stock That’s Down 10% – and Looks Worth Buying While It’s There

Considering its solid operational performance, growth pipeline, reasonable valuation, and healthy dividend yield, Northland Power offers attractive buying opportunities at…

Read more »

Abstract technology background image with standing businessman
Dividend Stocks

Two Canadian Dividend Stocks Worth Snapping Up on Any Dip

These Canadian stocks have a multi-decade record of paying and growing dividends, making them top investments for passive income.

Read more »

hand stacks coins
Dividend Stocks

3 TSX Dividend Stocks That Still Look Cheap Right Now

These three TSX dividend stocks look cheap for different reasons, but each has a plausible path to keeping payouts going.

Read more »

Dividend Stocks

My Favourite Stock for Immediate Income Right Now Yields 5.2%

This Canadian company offers attractive yield and sustainable payout, making it my favourite stock for moderate income.

Read more »

dividend stocks are a good way to earn passive income
Dividend Stocks

How Splitting $30,000 Across 3 Stocks Could Generate $1,350 in Annual Passive Income

These three quality dividend stocks can deliver a healthy passive income of over $1,350 annually.

Read more »

woman stares at chocolate layer cake
Dividend Stocks

Why Smart Investors Are Eyeing These 3 Canadian Stocks Right Now

These three TSX picks offer real assets and clear catalysts, without needing a perfect market to work.

Read more »

Couple working on laptops at home and fist bumping
Dividend Stocks

The Canadian Stocks I’d Prioritize if I Had $5,000 to Invest Right Now

These two TSX stocks offer a good combo of growth and stable income, making them excellent picks to consider for…

Read more »