As the economy has moved forward, energy demand has finally returned to normal. The only problem is supplies continue to remain constrained. This has put more emphasis on those firms providing the needed infrastructure moving energy commodities. And our latest Best Energy Dividend Stocks List pick is reaping the benefits.
Our pick is one of the largest pipeline firms in North America, with thousands of miles crisscrossing the U.S. The key to our pick’s success has been its focus on natural gas used by utility companies and a multi-year simplification process. The combination has allowed our pick to return to dividend growth, boost profits, and strengthen its balance sheet. This has resulted in a big 6.2% dividend yield.
With energy demand only growing and supplies remaining compressed, our pick has plenty of firepower left to keep the energy and dividends flowing. Watch for when the stock goes ex-dividend on Friday, April 29 (estimated date).
In order to make room for this and another pipeline energy pick, we had to remove two integrated energy names from our list this week.
You can check out the Best Energy Dividend Stocks List to explore all the stocks.
