Best NYSE Energy Dividend Picks For The Day
Given the energy industry’s dependence on commodity prices, the sector tends to be cyclical and profitability can be highly variable. However, as oil rebounded from its multi-year lows, certain energy companies are in position to earn profits. These favourable macroeconomic tailwinds have recently made this industry an interesting dividend play. Today I will share with you my list of high-dividend energy stocks you should consider for your portfolio.
Natural Resource Partners L.P. (NYSE:NRP)
NRP has a juicy dividend yield of 6.37% and their current payout ratio is 35.23% . NRP’s dividend alone will put you better off than your bank interest, but the company’s yield isn’t only higher than the low risk savings rate. It’s also amongst the market’s top dividend payers. When we compare Natural Resource Partners’s PE ratio with its industry, the company appears favorable. The US Oil and Gas industry’s average ratio of 12.2 is above that of Natural Resource Partners’s (5.5). More on Natural Resource Partners here.
BP Midstream Partners LP (NYSE:BPMP)
BPMP has a substantial dividend yield of 6.08% and has a payout ratio of 86.47% , with the expected payout in three years being 89.89%. The company’s yield puts it among good company – the top 25% of the market. Analysts are expecting an impressive triple digit earnings growth over the next year. More detail on BP Midstream Partners here.
Rice Midstream Partners LP (NYSE:RMP)
RMP has a juicy dividend yield of 6.42% and their current payout ratio is 66.41% , with analysts expecting a 86.71% payout in three years. RMP’s dividend is not only above the low risk savings rate, but also amongst the top dividend payers in the market. Continue research on Rice Midstream Partners here.
For more solid dividend paying companies to add to your portfolio, explore this interactive list of top dividend payers.
To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned.
