3 Ultra-High-Yield Dividend Stocks Down 17% to 27% to Buy on the Dip
Oil and gas prices are down sharply from their peaks, even after the recent Saudi-driven boost. Because of that, many energy stocks have lost altitude. That's driven their already high dividend yields even higher.
Three energy stocks currently offering big-time payouts due in part to the dip in their stock prices in recent months are Crestwood Equity Partners (NYSE: CEQP), Enbridge (NYSE: ENB), and Pioneer Natural Resources (NYSE: PXD). With energy markets likely to improve following the Saudi move, they look like great stocks to buy on the dip for those seeking big-time yields and upside potential.
Units of Crestwood Equity Partners have slumped about 20% over the past year. That has pushed the master limited partnership's (MLP) distribution yield up over 10%.
Source Fool.com
