Discover an exciting new addition to our Best High Dividend Stocks model portfolio – a well-covered large-cap Energy MLP with an enticing forward dividend yield of 9.57%, landing it within the top 20% of high-yield dividend stocks. It outpaces the industry average of 9.2%, making it a compelling proposition for high dividend investors.
Further bolstering this investment’s appeal is its low forward payout ratio of 38%, aligning closely with the Energy MLP average of 46%. Despite delivering a solid 8% YTD return, surpassing the industry average of 4%, it trails the S&P 500’s 17% — an area of returns risk worth considering.
Set your calendars for an estimated next payout of $0.343/share on or around July 26.
We’ve meticulously handpicked this stock, prioritizing yield attractiveness and dividend safety while also considering returns potential. Read on for an in-depth analysis of this impressive portfolio newcomer.
