3 Energy Stocks That Can Pay You Passive Income for Years
With all the attention energy has gotten for being the best-performing sector in the stock market this year, it's easy to lose sight of the fact that it's historically been one of the best places to go for dividends.
Now, with an uptick in oil prices, many shareholder-friendly oil companies have used the surge to pay down debt and increase their returns to shareholders by increasing their dividends, ramping up share repurchases, and even paying special dividends.
While some investors are skeptical of oil stocks because they think fossil fuels will go away sooner rather than later, the International Energy Agency predicts that global demand for oil and natural gas will increase by 16% and 22%, respectively, by 2040. So fossil fuels seem likely to be a major part of our energy mix for at least the next few decades.
Source Fool.com
