When it comes to master limited partnerships (MLPs), you’re only as good as your parent organization. A bad parent makes for a bad MLP. It’s as simple as that. Our latest pick on the Best Energy Dividend Stocks List shows exactly what a good parent can do – it has provided an 8.2% return on price since being added to the list back on November 19, 2021, and a hefty 8.6% yield for its shareholders.
The key for our pick is its partnership with its parent. Thanks to its parent – one of the largest refiners in the nation – our selection features plenty of steady cash flows. Meanwhile, the MLP has seen significant growth thanks to its moves into natural gas gathering and processing. The combination has created a great base of stability as well as plenty of additional boosts to its bottom line.
And with energy demand for both fuel and power generation, our pick is in the prime spot to profit longer term. In the end, our pick remains one of the best midstream firms around and a great way to play the energy sector.
You can check out the Best Energy Dividend Stocks List to explore all the stocks.
