Things Are Looking Up for These High-Yield Dividend Stocks
The past year has been challenging for master limited partnerships (MLPs) that gather and process oil and gas. Many experienced a significant drop in volumes when crude prices crashed last year, which impacted their cash flow.
However, with oil prices improving, volumes have come roaring back. Because of that, MLPs should generate even more cash this year. That will enhance the sustainability of their already attractive payouts while potentially giving them the confidence to start increasing them again.
Three high-yielding MLPs that stand to benefit from improving oil market conditions are Crestwood Equity Partners (NYSE: CEQP), EnLink Midstream (NYSE: ENLC), and Plains All American Pipeline (NASDAQ: PAA).
Source Fool.com
