3 Ultra-High-Yield Energy Stocks to Hold Forever
The S&P 500 index yields 1%, while these three energy stocks yield up to 5%.
Overview
The tiny 1% yield on offer from the S&P 500 index (SNPINDEX: ^GSPC) speaks to the low-yield world we live in today. But don't fear, energy investors can still find stocks with much higher yields. And you don't have to tread into risky investment territory to get yields of up to 5%. Here's why dividend lovers will find Enbridge (NYSE: ENB), TotalEnergies (NYSE: TTE), and Brookfield Renewable Partners (NYSE: BEP) attractive, ultra-high-yield energy stocks right now.
Of the three stocks on this list, Enbridge is probably the least exciting. It offers an attractive 5% yield backed by 31 annual dividend increases (in Canadian dollars). The core of the operation is the company's North American oil and natural gas pipelines portfolio. It charges fees for the use of these vital energy assets, so commodity price volatility isn't a big issue. Demand for energy, which is pretty much always strong, is more important.
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Originally published at www.fool.com.