Energy continues to be the sector du jour for investors as geopolitical issues, supply constraints and demand converge. This has continued to boost the fortunes of many stocks within the industry – none more so than the midstream sector and our latest Best Energy Dividend Stocks List pick. Since being added to our list back on January 17, 2022, our pick has managed to produce a whopping 11.4% price return on top of a 7%+ dividend!
The secret to our pick’s success is its focus on the steady midstream sector. With thousands of miles’ worth of pipelines, terminals, storage and other critical energy infrastructure assets, our pick features plenty of steady cash flow. And thanks to its MLP structure, that cash flows right into investors’ wallets.
Better still is that our pick has smartly used its excess cash to fuel further growth via expansion projects, bolt-on M&A and entrance into tangential businesses. With the rising demand for energy, these are proving to be great moves for the firm’s bottom line.
All in all, our pick offers a stable, high-yielding play on the growing need for energy around the world.
You can check out the Best Energy Dividend Stocks List to explore all the stocks.
