These 2 Dividend Stocks Offer Big-Time Yields With Highly Visible Income Growth
Many high-yielding dividend stocks lack visible growth. They often don't have much expansion potential, leading them to pay out most of their cash flow in dividends. That lack of growth weighs on their valuations, pushing up their yields.
However, Energy Transfer (NYSE: ET) and Hess Midstream (NYSE: HESM) have plenty of growth. That makes them stand out among high-yielding dividend stocks. They offer big-time payouts that they expect to increase at a predictable pace.
Energy Transfer currently yields a whopping 9%. The master limited partnership (MLP) expects to increase its already well-above-average payout at a set rate. It established a target earlier this year to raise its distribution by $0.0025 per unit each quarter ($0.01 per year). That works out to a 3% to 5% annual growth rate.
Source Fool.com
Hess Corp. Stock
Our community is currently low on Hess Corp. with 9 Buy predictions and 14 Sell predictions.
On the other hand, the target price of 177 € is above the current price of 138.2 € for Hess Corp., so the potential is actually 28.08%.
