If you have a limited budget, you may sometimes have to compromise on the products you purchase. Maybe you eat fast food instead of going to a fancy restaurant. Maybe you’re buying second-hand furniture instead of new.

But such concessions are not necessary when investing. Even if you don’t have a lot of money, you can find great stocks, many of which offer outstanding dividends. Here are my picks for the smartest dividend shares to purchase now for $150.

1. Ares Capital

You can collect two shares Capital of Ares (ARCC 0.94%) For less than $44. And you’ll get a lot of bang for your buck with this stock.

Ares Capital is at the top business development company (BDC). It typically provides financing to middle market businesses generating between $100 million and $3 billion in annual revenue.

As a BDC, Ares must return at least 90% of its earnings to shareholders through dividends to be exempt from income taxes on its profits. The company has paid stable or increasing dividends for 15 consecutive years. The forward dividend yield is currently at 9%.

Ares Capital has delivered the highest total return and dividend growth among large publicly traded BDCs over the last 10 years. Since its inception in 2004, the company’s cumulative total return has exceeded 1,000%, compared to roughly 674% for the previous year. S&P 500.

2. Bridge it

You can’t buy two shares bridging (ENB -0.21%) You can only buy one with $45 more of your first $150. Doing this will give you partial ownership of one of North America’s best midstream companies. energy companies.

Today, Enbridge is more than a midsize energy company. It currently operates pipelines and natural gas storage facilities in the United States and Canada. But thanks to recent acquisitions, the company is now the largest natural gas utility in North America and is expanding its range of services. renewable energy operations.

What about dividends? Enbridge has increased its dividend for an impressive 29 consecutive years. The forward dividend yield is as high as 6.2%.

Investors should also be able to count on Enbridge’s stable dividends in the future. Approximately 98 percent of the company cash flows is contracted or part of cost-of-service agreements that reduce volatility. Enbridge is minimally affected by fluctuations in commodity prices. This excellent dividend payer is well positioned to succeed in both up and down markets.

3. Real Estate Income

After purchasing two shares of Ares Capital and one share of Enbridge, you have more than $60 of your initial $150. That’s enough to buy a share Real Estate Income (HE 2.00%)seventh largest in the world real estate investment trust (REIT).

Realty Income has something in common with Ares Capital: As a REIT, it must return at least 90% of its profits to shareholders as dividends. It also has a dividend history similar to Enbridge, with 30 consecutive years of dividend increases.

Yes, Realty Income’s 5.58% forward dividend yield is not as satisfactory as the yields of Ares and Enbridge. However, the REIT provides a nice plus to income investors by paying its dividend monthly instead of quarterly.

You don’t need to worry about the sustainability of Realty Income’s dividend. Approximately 90% of the total rent is highly resistant to economic crises. The company’s real estate portfolio is also highly diverse, with more than 1,550 clients representing 90 industries.

Do you want more? Real Estate Income also has great growth prospects. The REIT has a huge opportunity to further consolidate the US net lease market. It also aims to expand in Europe, which has a total addressable market of $8.5 trillion.