If you are interested in energy dividend stocks, you are at the right palce – as we are presenting an article about the best energy dividend stocks for income investors. Insider Monkey has recently published an interesting article about this topic. Energy sector is one of the main sectors in stocks you have a great possibility to pick up stocks if you are planning so. As for me, I am not an expert of this topic so it was very interesting to read about it.
There are lots of publicly traded companies in energy sector so you can find lots of great stocks to buy that provide a steady income stream from dividends and other means. But for the purposes of this list, we only included energy companies that are part of the S&P 1500, because there are few better indicators of a company’s longevity than being part of the well-regarded index.
Now without a further ado let’s see what Insider Monkey has investigated for us. We have picked three energy dividend stocks from their list.
The first stock is Phillips 66 (NYSE:PSX). An energy manufacturing and logistics company with a classical name, Phillips 66 (NYSE:PSX) also had 27 hedge funds long its shares at the end of March, with investments worth almost $7 billion. If you need further reason to buy into this stock, aside from the dividend yield of 3.39%, Warren Buffett himself took a 14.6% in the company in October 2016. You might not want to go against The Oracle on this one. These cond one is Occidental Petroleum Corporation (NYSE:OXY). Oil and gas exploration and production company Occidental Petroleum Corporation (NYSE:OXY) is the beneficiary of a ‘Buy’ rating from Credit Suisse (among others), which is bullish on the company’s reserves and low cost. Occidental, which has a 5.12% dividend yield, is backed by 37 hedge funds as of the end of Q1, which have investments worth $750.2 million. At last, but not least we are mentioning Williams Companies Inc (NYSE:WMB). Energy infrastructure company Williams Companies Inc (NYSE:WMB) is a good income investment stock, with a 3.79% dividend yield. The company also has 47 hedge fund shareholders from among those we track, including Steve Cohen’s family office Point72 Asset Management, which doubled its stake in the company late last year. Those hedgies have a collective $2 billion invested in the company.
For any further interesting information read Insider Monkey’s article about 10 best energy dividend stocks for income investors.