Benzinga and Yahoo Finance LLC may earn commissions or revenues on certain items via the links below.
For investors seeking reliable returns, energy stocks with a consistent history of dividend payments are solid choices. Here, we highlight three such companies – Kinder Morgan, Enterprise Products Partners, and Delek Logistics Partners – each known for their strong dividend growth and solid dividend yields.
Kinder Morgan
Kinder Morgan, Inc. (NYSE:KMI) is one of North America’s largest energy infrastructure companies. It owns and operates approximately 82,000 miles of pipelines and 139 terminals. These pipelines transport natural gas, refined petroleum products, crude oil, condensate, carbon dioxide, renewable fuels and other products, while its terminals store and process commodities such as gasoline, diesel, jet fuel, chemicals, metals and ethanol.
Kinder Morgan has maintained dividend payments for fourteen years in a row and increased them for the past six years. The company pays a quarterly dividend of $0.2875 per share, or $1.15 per share, which 5.81%.
Over the past twelve months, Kinder Morgan generated $15.28 billion in revenue and $2.45 billion in net income.
Trending: Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. This platform allows individuals to invest in commercial real estate.
Business Product Partners
Enterprise Products Partners LP (NYSE:EPD) is a leading provider of midstream energy services in North America, serving producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, refined products and petrochemicals.
Enterprise Products Partners has maintained dividend payments for 27 years in a row and increased them for 26 years. The company pays a quarterly dividend of $0.515 per share, or $2.06 per year, which 7.21%.
The stock price has risen more than 12% so far this year and the company has beaten earnings per share and revenue expectations for the last two quarters.
Over the last twelve months, Enterprise Products Partners generated $52.03 billion in sales and $5.59 billion in net income.
Don’t Miss: If there was a new fund backed by Jeff Bezos that offered a target return of 7-9% with monthly dividends, would you invest in it?
Delek Logistic Partners
Delek Logistics Partners, LP (NYSE:DKL) provides a range of energy logistics services through its assets and joint ventures, primarily in the Permian Basin, Delaware Basin and Gulf Coast regions. The company provides gathering, pipeline and other transportation services for crude oil and natural gas customers, as well as storage and wholesale marketing for intermediate and refined products. It also provides water disposal and recycling services.
Delek Logistics has maintained dividend payments for 12 years in a row and increased them for 11 years. The company pays a quarterly dividend of $1.07 per share, or $4.28 per year, providing a yield 10.82%.
Over the past twelve months, Delek Logistics generated $1.02 billion in revenue and $121.5 million in net profit.
Looking for opportunities with higher returns?
The current high interest rate environment has created an incredible opportunity for income-seeking investors to earn huge returns, but not through dividend stocks… Certain real estate investments in the private market offer retail investors the opportunity to take advantage of these high-yield opportunities, and Benzinga has identified some of the most compelling options for you to consider.
For example the Ascent income fund from EquityMultiple targets stable income from senior commercial real estate debt positions and has a historical distribution yield of 12.1%, backed by real assets. With payment priority and flexible liquidity options, the Ascent Income Fund is a cornerstone investment vehicle for income-oriented investors. First-time investors with EquityMultiple can now Invest in the Ascent Income Fund with a reduced minimum of just $5,000.
Don’t miss this opportunity to take advantage of high-yield investments while rates are high. See Benzinga’s favorite high-yield deals.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
This article Protect Your Portfolio With These Top 3 High Yield Energy Dividend Stocks originally appeared on Benzinga.com
