3 Double-Digit Dividend Stocks With Staying Power

A stock that has a dividend yield in the double digits can be incredibly tempting to an investor. The problem with dividend stocks is that so many of those high yields are eventually cut because the businesses can't continue to support the payout. That isn't always the case, though. Some companies have monstrously high yields that aren't at much risk of being cut. So we asked three of our energy contributors to highlight a stock with a double-digit yield that has the fundamental strength to keep paying its investors. Here's what they had to say...

Williams Partners (NYSE:WPZ) will remain an independent entity. That means its parent won't snap up its yield of slightly more than 10%. Instead, under the new corporate arrangement there's quite a bit of potential for Williams Partners investors to see that distribution head even higher in the future. The last place you'd probably expect to find a company with a double-digit yield that can actually hold up is in the coal sector, but surprisingly there's one company in this beaten-down sector that looks to have the legs to maintain its payouts: Alliance Resource Partners (NASDAQ:ARLP). Much of the energy sector has struggled over the past year over plummeting oil and gas prices. This climate has also had some impact on ONEOK Partners (NYSE: OKS), the master limited partnership run by ONEOK.

Source: Motley Fool

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