Heading into the new year, energy remains a volatile sector. Thanks to rising and falling prices for crude oil, many stocks in the sector have become very bouncy indeed, causing plenty of sleepless nights for shareholders. But our latest Best High Dividend Stocks Model Portfolio pick may be a calm port in the storm. Offering a high yield, our pick has been a rock during the volatility.
You can check out the Best High Dividend Stocks Model Portfolio to explore all the stocks.
The secret to our pick’s success? It doesn’t produce crude oil or natural gas. It moves energy products from place to place – and with its huge network of pipelines, terminals and other assets, it generates revenue based on the volumes it transports. This creates a steady diet of cash flow for the company’s coffers, especially when it comes from its general partner.
But our pick isn’t without growth. The combination of dropdowns, outside acquisitions and organic growth projects has continued to boost volumes along its system. With demand rising, our pick’s system continues to gather long-term contracts.
And in that, investors have won. As a master limited partnership (MLP), our pick continues to deliver plenty of strong dividend growth in addition to its nearly 9% high yield. All in all, our pick remains a top choice for portfolios looking to boost their income.
