While oil prices are higher these days, they have also been volatile. For investors looking to cash in on the price rise but still have a smooth ride, there are plenty of ways to play the sector. Our latest pick for the Best Energy Dividend Stocks List is one example.
Our pick is one of the largest midstream firms around, operating a vast network of pipelines, terminals and other storage equipment. The key for our pick is that it’s paid on the volume of the product rather than the underlying price of the commodity, creating a balanced and stable flow of cash. The best part is that our pick is structured as a master limited partnership (MLP), which means that cash flows right back into investors’ pockets as a high 8.6% distribution.
With its top-notch partner, plenty of expansion plans and continued energy demand in the face of the Russian/Ukraine crisis, our pick is poised to be a high-yielding superstar for years to come. Watch for it as the stock is expected to go ex-dividend next on Friday, April 29 (estimated date).
You can check out the Best Energy Dividend Stocks List to explore all the stocks.
