Enterprise Products Partners (NYSE:EPD) should all be high on your income wish list.
1. The oil major
Of the oil majors, Total is the only one that really put a line in the sand when it came to its dividend in 2020. Management said, multiple times, that the dividend was a key issue and that it would maintain it as long as oil prices averaged around the $40 per-barrel level. Oil is comfortably above that point today, so Total s dividend, and 6.7% dividend yield, appear very safe. Note that its major European peers cut dividends last year as they announced plans to start shifting their businesses toward clean energy.
The 3 Safest Energy Dividends Right Now fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
Though high dividend yields are generally associated with higher risk, these three stocks are exceptions. Let s see what makes them top dividend stocks to buy right now.
Enterprise Products Partners
You won t find many companies that have raised their payouts for 22 consecutive years and still trade at an 8.1% yield, like Enterprise Products Partners. What s more, the company has performed quite well in a year of widespread turmoil in the energy markets.
Enterprise Products Partners high yield can likely be attributed to its performance last year or to concerns relating to its future growth. However, neither of these two factors is really a major concern. The pandemic hurt its earnings last year, but only to an extremely limited extent. The company s distributable cash flow for the year fell just 3% from a record of $6.6 billion in 2019.
Haynesville is Hot, Will Get Hotter Assuming Outbound Pipelines Can be Built
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SUGAR LAND, TEXAS April 5, 2021 Written by John Egan for Industrial Info Resources (Sugar Land, Texas) Natural gas production at the Haynesville Shale could nearly double by the middle of this decade, but fulfilling that potential will require construction of more outbound gas pipeline capacity, a gas analyst at ENVERUS (Austin, Texas) told a recent virtual conference. And the production potential of the Haynesville could be thwarted by the Biden administration s push to decarbonize the U.S. economy.
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Companies featured: Tellurian Incorporated (NASDAQ:TELL), Enable Midstream Partners L.P. (NYSE:ENBL), Enterprise Products Partners LP (NYSE:EPD)
Baker (Michael) Corporation (AMEX:BKR), BP p l c (NYSE:BP) - Don t Miss These Energy Stocks In 2021 benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.