Given the energy industry’s dependence on commodity prices, the sector tends to be cyclical and profitability can be highly variable. However, as oil prices recover from lows in 2014, energy stocks have benefited through increased profitability and cash flows. Subsequently, shareholders have growing expectations that dividend payments could increase as cash flow recovers at these companies. Here are my top dividend stocks in the energy industry that could be valuable additions to your current holdings.
NuStar GP Holdings, LLC (NYSE:NSH) has a enticing dividend yield of 19.04% and their payout ratio stands at 107.91%. Transmontaigne Partners L.P. (NYSE:TLP) has a enticing dividend yield of 8.49% and the company currently pays out 135.83% of its profits as dividends. TC PipeLines, LP (NYSE:TCP) has a sumptuous dividend yield of 11.69% and distributes 124.50% of its earnings to shareholders as dividends.
Source: Wall St. 24/7
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Posted by D4L | Sunday, April 29, 2018 | ArticleLinks | 0 comments »________________________________________________________________
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