2 Ultra-High-Yield Energy Stocks to Buy for 2023 and Beyond
While the Federal Reserve has been increasing interest rates this year, most investments still offer a relatively unappealing income yield. For example, the dividend yield of the average stock in the S&P 500 is currently around 1.6%. It's therefore hard for income-focused investors to produce a lot of income from their investments.
However, there are some attractive income stocks out there. Several master limited partnerships (MLPs) offer big-time yields these days. Two that stand out are Crestwood Equity Partners (NYSE: CEQP) and Energy Transfer (NYSE: ET), which currently offer monster yields. On top of that, they have some upcoming catalysts over the next year that could fuel strong price appreciation in the future. Add that to their high yields, and they could produce big-time total returns in the coming years.
Crestwood Equity Partners currently offers a 9.7% distribution yield. While a payout that high is usually very high risk, that's not the case with Crestwood's distribution. That's evident in the MLP's recently reported second-quarter results.
Source Fool.com