Here's 1 High-Yield Dividend Stock You Can Trust
The S&P 500 index is offering a paltry dividend yield of just 1.3%, which is troublingly low by any stretch of the imagination. TotalEnergies (NYSE: TTE) is sporting a yield of 6.2%, which is far more appealing. Here's why you should consider jumping on this dividend payer; trust is a big piece of the equation.
TotalEnergies is one of a handful of global energy giants with businesses that span the entire spectrum of the industry, from the upstream sector (drilling) through the midstream space (pipelines and storage) and all the way to the downstream segment (chemicals and refining). The basic idea is that the whole portfolio of assets will help to smooth out the inherent ups and downs of the highly cyclical energy industry. For example, refineries tend to benefit when oil prices fall, something that would hurt TotalEnergies' exploration and production segment. This big-picture game plan normally works out fairly well, but not so much in 2020.
Image source: Getty Images.
Source Fool.com