Thanks to the various issues facing the energy sector, getting access to these resources have never been more important. For firms that move natural gas and crude oil, these are the halcyon days – and that includes our latest pick on the Best Energy Dividend Stocks List. Our pick has produced a 6.3% price return since being added to the portfolio on March 17, 2022, and provided investors a strong 8.4% yield! Proof that midstream is no longer boring.
Key is our pick’s focus on crude oil. With one of the largest dedicated systems of pipelines, terminals and storage farms focused on crude oil, our pick has long been a leader in generating ample cash flows. And lately, that cash has continued to grow as volumes have increased on its system.
The real win has been our pick’s top conservative management. By sticking to their guns and not taking huge risks, our pick features a strong coverage ratio that is one of the best in the business. And with smart expansion projects, our pick should be able to see its cash flows grow in the new energy environment. All in all, our pick offers a large tax-advantaged yield and makes for an ideal selection in the energy sector.
To make room for our crude oil player and another midstream stock, we’ve been forced to remove an LNG specialist from the list.
You can check out the Best Energy Dividend Stocks List to explore all the stocks.
