2 Top Dividend Stocks to Buy Right Now
In volatile times, a steady regular dividend income is a big relief. It's also the time when you get stocks at bargain prices. Yields of two such energy stocks -- Kinder Morgan (NYSE: KMI) and ONEOK (NYSE: OKE) -- have become more attractive after their recent fall. The gas-focused players are getting crushed due to the novel coronavirus and lower oil prices, though these should not get impacted as much.
Kinder Morgan has learned how to survive in lower commodity prices the hard way. After it was forced to slash dividends at the end of 2015, the company has taken significant steps to reduce its leverage and commodity price exposure. Kinder Morgan has reduced its net debt by around $10 billion in the past five years. A significant portion of the company's cash flows are now backed by long-term take-or-pay contracts. At the same time, it is growing earnings steadily, driven by higher natural gas transport volumes.
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Source Fool.com
