It seems that there is no stopping crude oil demand. As the Russian crisis in Ukraine enters its 250+ day, the world’s supply of energy remains constrained. For our latest Best Energy Dividend Stocks List pick, this fact has helped its bottom line. Investors can take advantage of the opportunity before Friday, November 4, when the stock is set to raise its regular quarterly dividend by 1% to $1.0475 per share!
Our pick owns one of the largest pipeline systems in the United States. Criss-crossing several states and major production areas, E&P firms purchase capacity on our pick’s pipelines to get their product to market. In fact, the vast bulk of refined products and gasoline in the nation tap into our pick’s system at some point on their journey. It is a solid business and removes much of the commodity’s pricing risk.
The real win continues to be our pick’s conservative management. Eschewing fads and risky investments, our pick has stuck to its guns for years. As a result, our pick has one of the best balance sheets in the business. Investors have benefited with nearly two decades’ worth of dividend growth under its belt. The firm is quickly becoming a buyback champion as well.
In the end, our pick remains a top dog in the midstream space supported by a hefty yield.
In addition to our crude oil-focused midstream stock, we’ve also increased our position in another midstream name while removing an independent energy stock from the list.
You can check out the Best Energy Dividend Stocks List to explore all the stocks.
