Investors continue to seek stability of cash flow in the current market – and you can’t get any better than the midstream sector. Thanks to rising energy demand, moving crude oil and natural gas has become a sought-after sector, with our latest Best High-Yield Dividend Stocks Model Portfolio pick being a top choice in the sector. Investors can grab the midstream stock before Friday, October 28, when it goes ex-dividend with a regular quarterly dividend of $0.2775 per share.
The wins for our pick come from its immense size. With thousands of miles’ worth of pipelines, terminals, storage and other assets under its belt, our pick is making the most of its position as a leading midstream player within the energy sector. Increasingly that focus has been on natural gas. Thanks to global demand from utilities and rising LNG exports, our pick’s cash flow has exploded over the last year. Meanwhile, smart M&A and projects have continued to increase capacity and add additional revenues to its bottom line.
With demand not abating and supplies remaining constrained, our pick has a long runway to grow its hefty 6.4% payout and reward investors with share buybacks. In the end, our pick remains a top notch play in the energy sector.
In addition to our natural gas midstream firm, we’ve also added another major midstream pipeline stock and removed a communications stock as well as a business development company.
You can check out the Best High Dividend Stocks Model Portfolio to explore all the stocks.
