Toll-roads are wonderful assets to own. People drive on your road; you collect a fee. It’s as simple as that. This is also why the midstream sector has been a powerful cash flow generator for decades as well. And perhaps no one does it better than our latest Best Dividend Protection Stocks Model Portfolio pick, which features over two decades’ worth of dividend growth including its latest 2.2% increase in its regular payout. Investors can catch the new payout of $0.475/share before the stock goes ex-dividend on Thursday, July 28.
The key for our pick is its massive system of oil and gas pipelines, storage terminals, gathering lines and processing facilities. If an energy producer wants to move its product to end-users, there’s a good chance it needs to use our pick’s system. And in that, our pick collects some hefty fees.
Even better has been our pick’s key assets of shipping ports. With global energy demand growing, these ports have become valuable as the U.S. looks to export crude oil and other energy commodities overseas.
The end result is a stable yet yielding stock that conservative investors should take a look at.
In order to make room for our midstream pick, we’ve been forced to remove an ad agency from the list.
You can check out the Best Dividend Protection Stocks Model Portfolio to explore all the stocks.
