3 High-Yield Energy Stocks to Earn Passive Income From for Years
The energy industry has historically offered above-average dividend yields, making it ideal for those seeking to earn passive income. While the oil and gas industry is volatile, causing dividend payments in that sector to fluctuate wildly, other parts of the energy sector generate much steadier cash flow. That allows companies in those segments to pay a more sustainable dividend.
Three energy stocks that offer high-yielding dividends they should have no problem sustaining over the long term are Brookfield Renewable (NYSE: BEPC)(NYSE: BIP), Enbridge (NYSE: ENB), and Consolidated Edison (NYSE: ED). That makes them ideal options for those seeking to earn passive income.
Brookfield Renewable operates a globally diversified renewable energy platform. It generates steady cash flow by selling the power it produces to utilities and large corporate buyers under long-term, fixed-rate power purchase agreements. Those contracts supply Brookfield with stable cash flow to support its dividend. The company currently offers a 3.4% dividend yield, more than double the 1.6% yield of an S&P 500 index fund.
Source Fool.com
