With the world refusing Russian oil and natural gas, America has stepped up to the plate. Recent deals to send more American natural gas overseas to make up for the difference is boosting the fortunes of those stocks within the sector. And our latest selection for our Best Energy Dividend Stocks List is one of them!
Our pick owns a critical piece of infrastructure to make this happen: a mega-sized liquefaction facility on the Gulf Coast. This complex facility allows natural gas to be cooled under pressure and turned into a liquid for shipment. The company makes money by charging both suppliers and buyers of natural gas to use its facility. And with these contracts being written as long term, the firm has plenty of cash flows.
With new sources of European demand now coming down the pipe, our pick will have even more cash to support its hefty 5.5% yield. 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.
