Better Buy: Kinder Morgan vs. Devon Energy Stock
Kinder Morgan (NYSE: KMI) and Devon Energy (NYSE: DVN) are among the two most popular oil and gas dividend stocks out there. While Kinder Morgan has a long, proven history of dividend growth, Devon Energy emerged as the dark horse of the year after it doled out monster dividends quarter after quarter under its offbeat fixed-plus-variable dividend policy that was launched only last year.
Both stocks, though, have lost steam in recent weeks as crude oil prices slid. The U.S. crude oil benchmark West Texas Intermediate (WTI), in fact, has declined to almost half off its high for the year.
For investors in energy, this could be a perfect opportunity to take a closer look at top-notch stocks like Devon and Kinder Morgan and add some shares to their portfolios. Which among the two high-yield stocks is a better buy, though? It depends much on how much risk you are willing to take.
Source Fool.com
