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Exploring A Top Performer in In Oil & Gas Industry: A Fresh Addition to High Yield Model Portfolio

In our quest for yield and dividend safety, we’ve spotted a robust high-dividend player in the mid-cap Oil/Gas/Coal industry and added it to our Best High Dividend Stocks model portfolio. This gem, showing a forward dividend yield of 7.73%, surpasses the industry average of 5.8%, positioning it in the top echelon of high-yielding dividend stocks. Additionally, its year-to-date returns stand at a commendable 13.5%, outpacing both the S&P 500 and its industry counterparts.

pagp ytd

Since its addition on May 16, 2023, the stock outperformed the iShares Core High Dividend ETF (HDV) benchmark, yielding a return of 3.85% compared to HDV’s 1.29%.

pagp vs bench

Investors, prepare to mark your calendars for the upcoming payout. An estimated dividend of $0.268 per share is on the horizon, due on or around July 7.

As we peel back the layers of this stock in the following in-depth analysis, we’ll illuminate how it perfectly aligns with our focus on yield attractiveness, dividend safety, and returns potential, whilst managing returns risk. Step into this exploration and discover a potential cornerstone for your high-dividend portfolio.

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