3 Dividend Stocks Yielding 7% or More
A positive outlook for oil and gas demand in 2021 is leading to a recent rise in commodity prices. On the supply side, Saudi Arabia's voluntary oil production cut, which extends through March, is supporting oil prices. Similarly, higher expected LNG exports, combined with lower expected gas production, are driving U.S. natural gas prices higher. Here are three energy stocks, paying handsome dividends, that should benefit from the positive demand-supply dynamics for oil and gas.
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ONEOK (NYSE: OKE) primarily provides natural gas and NGL (natural gas liquids) gathering, processing, transportation, and storage services, mainly for a fee. For 2020, fee-based earnings accounted for more than 90% of ONEOK's earnings. Some of ONEOK's contracts are percent-of-proceeds, which exposes it to fluctuations in commodity prices. Yet, the company's fee-based contracts provide a layer of stability to its earnings.
Source Fool.com
