2 Energy Dividend Stocks With Cheap Valuations and Growing Payouts, Starting With Energy Transfer
Energy Transfer and Enterprise Products Partners combine a low valuation, a high dividend yield, and a rock-solid growth record.
Overview
Midstream companies have some of the best dividends among energy stocks. Their dependable toll-like revenue streams provide steady cash flow, allowing them to deliver predictable dividend increases.
Even among midstream companies, Energy Transfer (TXSE: ET) and Enterprise Products Partners (NYSE: EPD) stand out. They have two of the sector's best dividend yields and enticingly low valuations, making them more attractive to income-oriented investors.
Details
Energy Transfer's dividend is 6.65% at its current share price, while Enterprise Products Partners is 5.98%. Their trailing price-to-earnings (P/E) ratios are around 13 times earnings, while their forward P/Es are around 12 times earnings, well below their peers' multiples.
Source
Originally published at www.fool.com.