The ongoing Russia/Ukraine crisis, coupled with rising post-pandemic demand, has led to skyrocketing crude oil prices in recent weeks. This has benefited a variety of energy stocks, but only a handful are uniquely positioned to benefit over the long term. Our selection for the Best Energy Dividend Stocks List happens to be one of them!
Our pick doesn’t pull crude oil out of the ground; it moves it around through a massive network of pipelines, storage facilities and terminals. Key is that our pick’s systems tie together some of the largest fields and end-users. In fact, our pick’s midstream network can tap into more than 40% of the nation’s total refining capacity.
This alone has allowed our pick to have strong, stable cash flows since its founding nearly 20 years ago. Add in its conservative management, as well as a high 8.4% yield, and you have a recipe for success. 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.
