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For investors looking for reliable returns, energy stocks with a history of consistent dividend payments are a smart choice. Here we highlight three such companies: Kinder Morgan, Enterprise Products Partners, and Delek Logistics Partners, each known for strong dividend growth and strong dividend yields.
Kinder Morgan
Kinder Morgan, Inc. (NYSE:KMI) is one of North America’s largest energy infrastructure companies. It owns and operates approximately 82,000 miles of pipelines and 139 terminals. These pipelines transport natural gas, refined petroleum products, crude oil, condensate, CO2, renewable fuels and other products, while the terminals store and process commodities such as gasoline, diesel, jet fuel, chemicals, metals and ethanol.
Kinder Morgan has maintained its dividend payments for 14 consecutive years and has increased them for the past 6 years. The company pays a quarterly dividend of $0.2875 per share, or $1.15 per year, which yields 5.81%.
Over the past 12 months, Kinder Morgan generated $15.28 billion in revenue and $2.45 billion in net income.
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Enterprise Product Partners
LP Enterprise Product Partners (NYSE:EPD) is a leading provider of midstream energy services in North America. The company provides services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, refined products and petrochemicals.
Enterprise Products Partners has maintained its dividend payments for 27 consecutive years and increased them for 26 years. The company pays a quarterly dividend of $0.515 per share, or $2.06 per year, which represents a yield of 1.5% per share. 7.21%.
The stock is up more than 12% year-to-date and the company has beaten consensus estimates for EPS and revenue over the past two quarters.
Over the past twelve months, Enterprise Products Partners generated $52.03 billion in revenue and $5.59 billion in net income.
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Delek Logistics Partners
Delek Logistics Partners, LP (NYSE:DKL) provides a range of energy logistics services through its assets and joint ventures, primarily in the Permian Basin, Delaware Basin and Gulf Coast region. The company provides gathering, pipeline and other transportation services to crude oil and natural gas customers, as well as storage and wholesale marketing of intermediate and refined products. In addition, it provides water disposal and recycling services.
Delek Logistics has maintained its dividend payments for 12 consecutive years and increased them for 11 years. The company pays a quarterly dividend of $1.07 per share, or $4.28 per year, which represents a yield of $1.07 per share. 10.82%.
Over the past twelve months, Delek Logistics generated $1.02 billion in revenue and $121.5 million in net income.
Looking for higher yield opportunities?
The current high interest rate environment has created an incredible opportunity for income-seeking investors to earn massive returns, but not through dividend stocks… Some private market real estate investments offer retail investors the opportunity to capitalize on these high-yield opportunities and Benzinga has identified some of the most attractive options to consider.
For example, the Ascent Income Fund of EquityMultiple targets stable income from senior commercial real estate debt positions and has a historical distribution yield of 12.1% backed by real assets. With payment priority and flexible liquidity options, the Ascent Income Fund is a core investment vehicle for income-focused investors. New EquityMultiple investors can now invest in the Ascent Income Fund with a reduced minimum of just $5,000.
Don’t miss this opportunity to take advantage of high-yield investments while rates are high. Check out Benzinga’s favorite high-yield deals.
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