There are MLPs, and then there are MLPs. There are just some midstream firms with such a huge asset base and scope that they can’t be touched by rivals. This includes our latest selection for our Best Energy Dividend Stocks List.
Our latest pick is one of the largest midstream firms on the planet. The company has thousands of miles’ worth of pipelines, storage facilities, barges, terminals, processing assets, salt caverns, you name it, under its umbrella. Its sheer size has long made our pick one of the best-performing midstream firms in history, and it has continued to pad its wallet with plenty of cash flows and earnings.
What’s also great about our selection is that it continues to find growth.
Thanks to a huge backlog of organic projects, our pick has continued to find ways to both boost cash flows and reward shareholders. Meanwhile, thanks to its size, it’s able to swallow its rivals whole, which instantly boosts its cash flow profile.
With its 25 years’ worth of dividend growth and high 7.7% yield, our new midstream pick is a top name for investors looking to play rising energy demand. To top it off, the stock is going ex-dividend next Friday, January 28, so this could be a great time to increase your stakes.
You can check out the Best Energy Dividend Stocks List to explore all the stocks.
