The 3 Safest Energy Dividends Right Now

Pandemic-hit 2020 was a terrible time for energy stocks, with many cutting dividends and some even going bankrupt. Oil prices have strengthened after hitting historic lows, but the sector isn't out of the woods just yet. So income investors looking at the energy space for bargains need to also consider dividend safety. On that score, France's Total (NYSE: TOT), Canada's Enbridge (NYSE: ENB), and Enterprise Products Partners (NYSE: EPD) should all be high on your income wish list.

Of the oil majors, Total is the only one that really put a line in the sand when it came to its dividend in 2020. Management said, multiple times, that the dividend was a key issue and that it would maintain it as long as oil prices averaged around the $40 per-barrel level. Oil is comfortably above that point today, so Total's dividend, and 6.7% dividend yield, appear very safe. Note that its major European peers cut dividends last year as they announced plans to start shifting their businesses toward clean energy.

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Source Fool.com