Continue to site >
Trending ETFs

9% Yield Midstream MLP Backed by a Strong Partner Reaffirmed in Best Energy Dividend Stocks List

Energy prices have become very volatile in recent weeks, balancing supply concerns with potential recessionary demand. For energy producers, this has many reporting mixed guidance and dividend cuts. But for those firms that move energy – like our latest Best Energy Dividend Stocks List pick – it continues to be business as usual. In this case, “business as usual” produces a hefty 9% dividend yield and a recently announced bump to its already impressive dividend!

The secret to our pick’s success remains its focus on the midstream sector. With cash flow based on volumes not commodity pricing, our pick continues to win in the volatile environment. And with a major partner driving that cash flow, our pick remains steady as she goes with a rich dividend coverage ratio.

Meanwhile, our pick’s natural gas assets are seeing rising volumes as well. Thanks to surging LNG and utility demand, growth here is assured.

In the end, our pick continues to see rising profits and cash flow that support its high yield.

You can check out the Best Energy Dividend Stocks List to explore all the stocks.

Get Premium to keep reading
This is a premium article. Please login to your Dividend.com Premium account to access this article.
Login Now