7% Yielding Blue Chips I've Been Buying Hand Over Fist

Summary

• In June, I aggressively bought three of my top high yield blue-chip ideas, tripling my share count in some of these companies.
• With an average yield of 7%, growing 10% per year, being 19% undervalued, and having 32% upside potential in the next year, BTI, ENB, and BAM offer incredible short-and long-term opportunities.
• Enbridge's Line 5 concerns are way overblown, and its yield is at historical extremes that generate 13% long-term total return guidance from management.
• British American is on track to succeed in its smoke-free transition, and $3.2 billion in buybacks through 2026 are one of just many tailwinds.
• Brookfield Asset Management naturally cycles between periods of flat returns followed by explosive growth, with 30% to 50% annual returns powered by explosive growth in fees. Its current flat year is Brookfield coiling its spring for the next big push higher.
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Analyst’s Disclosure:I/we have a beneficial long position in the shares of BTI, ENB, BAM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.