6 Big Energy Stocks That Offer Yield
“Energy is a good place to look for yield. Six of the top 11 stocks with the highest dividends within the SP 500 index are in the energy group, according to data from SP Dow Jones Indices. The yields on those half dozen companies range from 5.4 to 7. The entire sector yields about 4 based on the Energy Select Sector SPDR ticker XLE exchange-traded fund, which holds the energy stocks in the SP 500,” reports Andrew Bary in their Barrons.
“The half dozen energy high-yielders are led by pipeline operators Oneok OKE, Williams Cos. WMB, and Kinder Morgan KMI. All three are structured as corporations, meaning investors get 1099 tax forms and not the widely disliked K-1 forms issued by pipeline operators structured as limited partnerships. With the strength in energy prices, dividends look secure at Exxon Mobil and Chevron and the pipeline companies.”
