2 Energy Dividend Stocks With Cheap Valuations and Growing Payouts
These midstream energy companies trade at an attractive valuation versus the energy sector.
Overview
The energy sector, sensitive to crude oil and natural gas prices, has done well for investors this year due to increased commodity prices.
In particular, with oil prices skyrocketing following the launch of the Iran war earlier this year, the S&P 500 Energy sector gained 40% this year, through June 8. Energy stocks' stock appreciation easily outpaced the S&P 500 ex-Energy's 22.9% increase.
Details
The rapid price gains make it challenging to find stocks in the sector trading at reasonable valuations. However, I've found two pipeline and transportation companies fit the bill.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.