Extracting oil or natural gas out of the ground is only half the battle. More often than not, end-users of energy are situated far from the production fields. It takes a lot of muscle to get that energy to where it’s needed. And luckily for our latest Best High-Yield Dividend Stocks Model Portfolio pick, it just so happens to have a LOT of muscle – enough to reward shareholders with a hefty 7%+ dividend!
Our pick operates one of the largest midstream platforms in the nation. With tens of thousands of miles of pipelines, storage facilities and terminals, our pick moves much of the nation’s energy commodities. And lately, it’s been moving more and more. Thanks to rising demand, volumes have also been rising across its systems.
And that is a good thing, since our pick’s cash flow is driven by volume and not commodity price. With that, our pick has quickly become a dividend champion, raising its payout for nearly 25 years straight.
All in all, our pick makes for an ideal selection in the sector – and one that pays a high, yet safe, dividend.
In addition to our increased position in the midstream pick, we’ve increased our position in several other high-yielding stocks as well as removed a royalty firm and a cigarette manufacturer.
You can check out the Best High Dividend Stocks Model Portfolio to explore all the stocks.