Energy continues to be a bright spot in the current volatility in the market. The combination of rising demand, supply chain crisis due to the Russia-Ukraine conflict, and increasing infrastructure spending continues to benefit energy stocks within the sector. Stocks with big yields and supportive cash flows have been particularly in demand from investors – and that includes the latest pick for our Best High Dividend Stocks Model Portfolio.
Our pick, which owns a vast network of pipelines, gathering lines and storage facilities, operates as a midstream firm. But it’s not just any midstream firm – it’s one of the biggest on the planet. Its huge network of fee and volume-based assets have provided the stock with ample cash flows throughout its history. And as a master limited partnership (MLP), it sends these cash flows back to investors with a monster 7.7% dividend yield.
With the stock going ex-dividend on Wednesday, April 27 (estimated date), it could be an optimal pick to add or increase your position in the stock.
In order to make room for this MLP stock pick and another consumer stock, we had to remove a midstream player and an asset manager stock from our list this week.
You can check out the Best High Dividend Stocks Model Portfolio to explore all the stocks.
