Despite higher prices for crude oil, E&P firms are dead in the water if they can’t get their production to market. As a result, they are willing to pay handsomely to get their oil to end-users. And if you happen to own the vital linkage that facilitates this – like our latest Best Energy Dividend Stocks List pick – you’re sitting pretty!
Our pick moves crude oil through a massive network of pipelines, storage facilities and terminals. Key for our pick is that its system is not just one of largest but also the ONLY gathering/pipeline network in the prolific Bakken Shale. E&P firms and end-users pretty much have to tap into our pick’s system in order to ship/receive crude oil.
This fact, along with its strong general partner, has provided our pick with stable cash flows since its IPO half-a-decade ago. It’s managed to raise its dividend every year since and supports a generous 7.6% yield. The stock is expected to go ex-dividend next on Friday, July 29 (estimated date).
You can check out the Best Energy Dividend Stocks List to explore all the stocks.
