These companies have a proven track record of increasing their dividend payouts, making them attractive choices for those seeking a steady and growing income stream.

Enbridge, a Canadian pipeline and utility operator, offers a forward dividend yield approaching 7.5%. This means that investors can earn nearly $7.50 of annual dividend income for every $100 invested in the energy infrastructure company. The company generates stable cash flow from long-term contracts and cost-of-service agreements, allowing it to sustain its dividend payments. Enbridge retains a portion of its income to fund expansion projects, and its strong balance sheet gives it additional financial flexibility. With a massive backlog of expansion projects, including lower-carbon energy infrastructure, Enbridge anticipates growing its cash flow per share by around 3% annually through 2026, followed by a 5% annual growth thereafter. Enbridge has increased its dividend for 29 consecutive years, including a 3% increase last year.

On the other hand, Enterprise Products Partners, a master limited partnership (MLP), offers a forward yield of over 7%. As an MLP, its income is largely tax-deferred, making it an attractive option for generating passive income. While MLPs might complicate tax obligations, Enterprise's sustainable and growing distribution payments make it worthwhile. The company generates stable cash flow primarily from long-term contracts and regulated rate structures, covering its high-yielding payout by 1.7 times. With a strong balance sheet and a top credit rating in the midstream sector, Enterprise has the financial flexibility to fund its ongoing expansion. The company has several billion dollars' worth of expansion projects under construction, expected to be completed by the first half of 2026, with additional projects in development. Enterprise has increased its payout for 25 consecutive years, including a 5% increase in the past year.

With their strong financial profiles and visible growth ahead, Enbridge and Enterprise Products Partners are no-brainer buys for investors looking to turn idle cash into a lucrative and growing income stream. These high-quality, high-yield dividend stocks offer stability, consistent dividend growth, and the potential for capital appreciation.

It's important to note that Matt DiLallo, the author of this article, has positions in both Enbridge and Enterprise Products Partners. The Motley Fool also has positions in and recommends Enbridge, while recommending Enterprise Products Partners.