While it’s too early to call for an energy crash as demand remains strong, we’ve already begun to see lower average oil prices and a few variable dividend cuts in the sector. But not for our top Best Energy Dividend Stocks List pick. Our stock continues to realize record profits and cash flow that support its monster 8% dividend yield and over two decades’ worth of payout increases.
The win is that our pick is not tied to the ebb and flow of oil prices. Thanks to its focus on the midstream sector, our pick’s cash flow is tied to the volumes set to long-term contracts. This vital linkage between end-users and drillers operates like a toll-way and mints cash for our pick. Even better is that our pick has one of the largest systems of pipelines, storage terminals and gathering lines in the entire nation.
Thanks to that fact, our pick has continued to see its star shine and its cash flow rise. And now with several expansion projects underway, that cash flow should grow over the long haul.
You can check out the Best Energy Dividend Stocks List to explore all the stocks.
