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. If you’re a long term investor, these high-dividend energy stocks can boost your monthly portfolio income.
Oasis Midstream Partners LP (NYSE:OMP)
OMP has a large dividend yield of 7.80% and the company has a payout ratio of 5.62% , and analysts are expecting the payout ratio in three years to hit 64.21%. OMP is among the markets top 25% of dividend payers, which is certainly enticing for interested investors. The company also looks promising for it’s future growth, with analysts expecting an impressive doubling of earnings per share over the next year. Interested in Oasis Midstream Partners? Find out more here.
Genesis Energy, L.P. (NYSE:GEL)
GEL has an appealing dividend yield of 12.81% with a large payout ratio . In the case of GEL, they have increased their dividend per share from $1.14 to $2.89 so in the past 10 years. They have been consistent too, not missing a payment during this 10 year period. Analysts are enthusiastic about the company’s future growth, estimating a 80.29% earnings per share increase over the next 12 months. Dig deeper into Genesis Energy here.
NuStar Energy L.P. (NYSE:NS)
NS has an alluring dividend yield of 13.59% with a large payout ratio . NS’s last dividend payment was $4.38, up from it’s payment 10 years ago of $3.94. To the enjoyment of shareholders, the company hasn’t missed a payment during this period. Analysts are expecting an impressive triple digit earnings growth over the next year. More on NuStar Energy here.
For more solid dividend payers to add to your portfolio, you can use our free platform to explore our 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.