Love Dividends? Here Are 3 Great Income Stocks From the Energy Patch.
The energy sector is a great place to hunt for dividends these days. The industry is generating a lot of cash flow thanks to relatively higher oil prices. Meanwhile, valuations remain fairly low, which has pushed up dividend yields.
ExxonMobil (NYSE: XOM), (NYSE: MPLX), and Enterprise Products Partners (NYSE: EPD) stand out to a few Fool.com contributors for their oil-fueled dividends. Here's a look at why dividend lovers should take a closer look at this trio.
Reuben Gregg Brewer (ExxonMobil): The one thing that investors need to clearly understand about oil and natural gas is that they are volatile commodities. That basically means that top- and bottom-line performance for companies like energy giant ExxonMobil will also be volatile. There's no easy way around that, but well-run companies are prepared for this. Exxon is a well run company, highlighted by its 41 years worth of annual dividend increases -- despite ever volatile energy prices.
Source Fool.com
MPLX L.P. Stock
MPLX L.P. is currently one of the favorites of our community with 14 Buy predictions and no Sell predictions.
Based on the current price of 11.77 € the target price of 42 € shows a potential of 256.84% for MPLX L.P. which would more than double the current price.
