Prediction: This Pipeline Stock's Payout Will Grow Faster Than Chevron's [or Exxon's] Over the Next 5 Years
Sunoco LP isn't the biggest kid on the midstream block, but its dividend growth has the potential to be substantial.
![Prediction: This Pipeline Stock's Payout Will Grow Faster Than Chevron's [or Exxon's] Over the Next 5 Years](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F884849%2Fgettyimages-515809755.jpg&w=1200&op=resize)
Overview
For committed, patient long-term income investors, some of the best opportunities, in terms of both yield and payout growth, can be found in the energy patch.
The sector's status as a payout haven encompasses a broad range of names, from pipeline stocks to some of the world's largest oil companies. Many market participants opt for familiarity and reliability, which helps explain why ExxonMobil and Chevron are hits with dividend investors. The two largest U.S. domestic oil companies have dividend increase streaks of 43 and 39 years, respectively.
Sunoco LP is an overlooked midstream name with big dividend growth potential. Image source: Getty Images.
Details
Source
Originally published at www.fool.com.